Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Investment analysts at William Blair decreased their Q1 2021 EPS estimates for Bloomin’ Brands in a report issued on Thursday, February 18th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of $0.48 per share for the quarter, down from their previous forecast of $0.53. William Blair also issued estimates for Bloomin’ Brands’ Q4 2021 earnings at $0.45 EPS, FY2021 earnings at $1.02 EPS and FY2022 earnings at $2.20 EPS.
Several other equities analysts have also recently weighed in on the stock. Raymond James increased their price objective on shares of Bloomin’ Brands from $24.00 to $27.50 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Bloomin’ Brands from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 25th. Morgan Stanley raised their target price on shares of Bloomin’ Brands from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 19th. The Goldman Sachs Group assumed coverage on shares of Bloomin’ Brands in a research note on Tuesday, January 19th. They set a “sell” rating and a $20.00 target price on the stock. Finally, Loop Capital raised their target price on shares of Bloomin’ Brands from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.53.
Shares of NASDAQ:BLMN opened at $24.83 on Monday. The firm’s 50 day moving average price is $21.63 and its 200-day moving average price is $17.35. Bloomin’ Brands has a twelve month low of $4.54 and a twelve month high of $25.84. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 88.59. The stock has a market capitalization of $2.17 billion, a PE ratio of -18.12 and a beta of 1.97.
Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, February 17th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Bloomin’ Brands had a negative net margin of 3.45% and a negative return on equity of 39.30%.
In other Bloomin’ Brands news, Director Elizabeth A. Smith sold 150,000 shares of the stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $18.41, for a total transaction of $2,761,500.00. 4.39% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank purchased a new stake in shares of Bloomin’ Brands during the 4th quarter valued at about $27,000. Captrust Financial Advisors grew its position in Bloomin’ Brands by 1,482.2% in the fourth quarter. Captrust Financial Advisors now owns 1,424 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 1,334 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Bloomin’ Brands by 306.9% in the third quarter. Nisa Investment Advisors LLC now owns 3,845 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 2,900 shares in the last quarter. Private Capital Group LLC purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $63,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Bloomin’ Brands by 268.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 6,230 shares of the restaurant operator’s stock valued at $95,000 after buying an additional 4,537 shares during the period. 95.62% of the stock is owned by institutional investors and hedge funds.
About Bloomin’ Brands
Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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