Bloomin' Brands (NASDAQ:BLMN) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "Sell (D+)" rating for Bloomin' Brands, suggesting ongoing concerns regarding the company's stock performance.
• Multiple analysts have lowered their price targets for Bloomin' Brands, with Goldman Sachs reducing it from $8.00 to $6.50, indicating a bearish outlook for the stock.
• Despite a slight increase in stock price recently, Bloomin' Brands has a market capitalization of $678.84 million and troubling financial metrics, including a negative PE ratio and significant debt-to-equity ratio.

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

BLMN has been the subject of a number of other reports. The Goldman Sachs Group cut their price target on Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating for the company in a report on Thursday, August 7th. Morgan Stanley lifted their price target on Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. BMO Capital Markets cut their price target on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Thursday, August 7th. Barclays lowered their price objective on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Finally, Zacks Research lowered Bloomin' Brands from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Bloomin' Brands has a consensus rating of "Reduce" and a consensus price target of $9.88.

Bloomin' Brands Price Performance

Bloomin' Brands stock traded up $0.33 during mid-day trading on Friday, hitting $7.98. 2,289,011 shares of the company were exchanged, compared to its average volume of 2,534,751. Bloomin' Brands has a 1-year low of $6.09 and a 1-year high of $17.57. The company has a market capitalization of $678.84 million, a PE ratio of -159.60 and a beta of 1.27. 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 business has a fifty day moving average of $7.21 and a 200 day moving average of $7.99.

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

Hedge Funds Weigh In On Bloomin' Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLMN. GAMMA Investing LLC boosted its holdings in Bloomin' Brands by 28.9% during the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after buying an additional 1,414 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Bloomin' Brands during the first quarter worth about $151,000. Carolina Wealth Advisors LLC bought a new position in Bloomin' Brands during the first quarter worth about $3,812,000. Skylands Capital LLC boosted its holdings in Bloomin' Brands by 25.9% during the first quarter. Skylands Capital LLC now owns 145,000 shares of the restaurant operator's stock worth $1,040,000 after buying an additional 29,800 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Bloomin' Brands during the first quarter worth about $80,000.

About Bloomin' Brands

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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