Bloomin' Brands' (BLMN) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Bloomin' Brands has received a "sell (D+)" rating from Weiss Ratings, indicating persistent concerns about the company's performance.
• BMO Capital Markets has cut its price target for Bloomin' Brands from $10.00 to $8.00, while Morgan Stanley raised theirs from $9.00 to $10.00, highlighting mixed analyst sentiments.
• Hedge fund activity has been notable, with Northwestern Mutual Wealth Management increasing its holdings by 83,825.0% in the second quarter.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report)'s stock had its "sell (d+)" rating reiterated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. BMO Capital Markets reduced their price target on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Zacks Research downgraded shares of Bloomin' Brands from a "hold" rating to a "strong sell" rating in a research note on Monday, September 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating on the stock in a report on Thursday, August 7th. Seven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $9.88.

Bloomin' Brands Trading Up 0.3%

Shares of Bloomin' Brands stock traded up $0.02 during trading hours on Wednesday, hitting $7.54. The company's stock had a trading volume of 2,664,271 shares, compared to its average volume of 2,587,272. The business has a fifty day moving average of $7.26 and a 200 day moving average of $8.00. Bloomin' Brands has a 1-year low of $6.09 and a 1-year high of $17.57. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $641.43 million, a PE ratio of -150.80 and a beta of 1.27.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $974.69 million. During the same quarter in the previous year, the business posted $0.51 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts forecast that Bloomin' Brands will post 1.8 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Bloomin' Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 3,353 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Bloomin' Brands by 32.9% during the second quarter. Public Employees Retirement System of Ohio now owns 4,704 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 1,164 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Bloomin' Brands by 72.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 2,000 shares during the period. US Bancorp DE raised its position in shares of Bloomin' Brands by 505.7% during the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock worth $45,000 after purchasing an additional 5,209 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after purchasing an additional 1,414 shares during the last quarter.

Bloomin' Brands Company Profile

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.

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