Jefferies Group reissued their hold rating on shares of Bloomin' Brands (NASDAQ:BLMN) in a research note released on Friday morning. The firm currently has a $23.00 price objective on the restaurant operator’s stock. Jefferies Group also issued estimates for Bloomin' Brands’ Q1 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.38 EPS and FY2019 earnings at $1.45 EPS.

BLMN has been the topic of several other reports. Zacks Investment Research lowered shares of Bloomin' Brands from a hold rating to a sell rating in a research report on Tuesday, September 26th. Citigroup lowered shares of Bloomin' Brands to a market perform rating in a research report on Wednesday, December 6th. Bank of America lowered shares of Bloomin' Brands from a buy rating to a neutral rating and set a $21.00 price target on the stock. in a research report on Wednesday, November 22nd. Barclays lowered their price target on shares of Bloomin' Brands from $23.00 to $22.00 and set an overweight rating on the stock in a research report on Wednesday, October 18th. Finally, Raymond James Financial downgraded shares of Bloomin' Brands from an outperform rating to a market perform rating and set a $24.00 price objective on the stock. in a research note on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Bloomin' Brands has a consensus rating of Hold and an average price target of $21.36.

Bloomin' Brands (NASDAQ BLMN) traded down $0.07 during mid-day trading on Friday, hitting $21.14. 924,135 shares of the stock traded hands, compared to its average volume of 1,217,408. The firm has a market capitalization of $1,935.83, a price-to-earnings ratio of 27.45, a PEG ratio of 1.27 and a beta of 0.65. Bloomin' Brands has a twelve month low of $16.11 and a twelve month high of $22.47. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17.

Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $948.90 million during the quarter, compared to analyst estimates of $944.30 million. Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. sell-side analysts expect that Bloomin' Brands will post 1.33 EPS for the current year.

In other Bloomin' Brands news, CEO Elizabeth A. Smith sold 1,700 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $17.00, for a total transaction of $28,900.00. Following the transaction, the chief executive officer now owns 82,935 shares of the company’s stock, valued at $1,409,895. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher W. Brandt sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $20.47, for a total transaction of $511,750.00. Following the transaction, the executive vice president now directly owns 4,416 shares in the company, valued at approximately $90,395.52. The disclosure for this sale can be found here. Insiders have sold 551,878 shares of company stock worth $11,131,099 in the last three months. Insiders own 7.04% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Jana Partners LLC purchased a new position in Bloomin' Brands during the third quarter worth approximately $73,480,000. Earnest Partners LLC raised its stake in shares of Bloomin' Brands by 1.7% in the 3rd quarter. Earnest Partners LLC now owns 4,023,699 shares of the restaurant operator’s stock valued at $70,817,000 after acquiring an additional 68,511 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Bloomin' Brands by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock valued at $52,097,000 after acquiring an additional 23,110 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Bloomin' Brands by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,270,893 shares of the restaurant operator’s stock valued at $39,968,000 after acquiring an additional 8,286 shares during the period. Finally, State Street Corp raised its stake in shares of Bloomin' Brands by 2.3% in the 2nd quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock valued at $45,931,000 after acquiring an additional 48,043 shares during the period.

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Bloomin' Brands Company Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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