Bloomin’ Brands (NASDAQ:BLMN) posted its earnings results on Wednesday. The restaurant operator reported $0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.10, Briefing.com reports. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. The company had revenue of $967.14 million for the quarter, compared to analyst estimates of $967.04 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Bloomin’ Brands updated its FY19 guidance to $1.53-1.61 EPS.
Shares of BLMN stock traded down $0.09 during trading hours on Thursday, hitting $23.18. 1,541,700 shares of the company were exchanged, compared to its average volume of 1,555,355. The firm has a fifty day simple moving average of $19.31 and a 200 day simple moving average of $18.69. The company has a current ratio of 0.30, a quick ratio of 0.21 and a debt-to-equity ratio of 15.18. Bloomin’ Brands has a 52-week low of $15.12 and a 52-week high of $23.53. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.37 and a beta of 0.31.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and issued a $20.00 target price on shares of Bloomin’ Brands in a report on Thursday. Barclays lowered their target price on shares of Bloomin’ Brands from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Morgan Stanley lowered their target price on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. BidaskClub upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, Loop Capital assumed coverage on shares of Bloomin’ Brands in a report on Monday, July 22nd. They issued a “buy” rating and a $22.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.20.
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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