Shares of Bloomin’ Brands Inc (NASDAQ:BLMN) have earned a consensus rating of “Hold” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.44.

BLMN has been the subject of several recent analyst reports. BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research note on Monday. Tigress Financial reiterated a “buy” rating on shares of Bloomin’ Brands in a research note on Thursday, April 18th. Finally, ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th.

In related news, Chairman Elizabeth A. Smith sold 65,486 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $20.00, for a total transaction of $1,309,720.00. Following the completion of the transaction, the chairman now owns 411,733 shares of the company’s stock, valued at $8,234,660. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Elizabeth A. Smith sold 116,318 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $19.99, for a total transaction of $2,325,196.82. Following the transaction, the insider now directly owns 411,733 shares of the company’s stock, valued at approximately $8,230,542.67. The disclosure for this sale can be found here. Insiders own 4.39% of the company’s stock.

Several institutional investors have recently modified their holdings of BLMN. Advisor Group Inc. raised its holdings in shares of Bloomin’ Brands by 72.0% during the fourth quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,353 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Bloomin’ Brands in the fourth quarter valued at $60,000. New York State Teachers Retirement System purchased a new position in Bloomin’ Brands in the first quarter valued at $70,000. Pearl River Capital LLC increased its holdings in Bloomin’ Brands by 1,085.2% in the first quarter. Pearl River Capital LLC now owns 6,578 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 6,023 shares in the last quarter. Finally, Investors Research Corp purchased a new position in Bloomin’ Brands in the first quarter valued at $183,000. 94.16% of the stock is owned by hedge funds and other institutional investors.

BLMN traded down $0.03 during trading on Friday, hitting $17.78. The stock had a trading volume of 50,998 shares, compared to its average volume of 1,373,876. The stock has a market cap of $1.63 billion, a P/E ratio of 11.83, a PEG ratio of 1.12 and a beta of 0.27. Bloomin’ Brands has a twelve month low of $17.00 and a twelve month high of $22.22. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 9.20. The business’s 50 day simple moving average is $18.67.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, April 26th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Bloomin’ Brands had a net margin of 2.56% and a return on equity of 124.00%. Bloomin’ Brands’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. On average, sell-side analysts anticipate that Bloomin’ Brands will post 1.59 EPS for the current fiscal year.

Bloomin’ Brands Company Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. 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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Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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