Bloomin' Brands Inc (NASDAQ:BLMN) – Jefferies Group cut their Q1 2018 earnings per share estimates for shares of Bloomin' Brands in a report issued on Friday, according to Zacks Investment Research. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $0.53 for the quarter, down from their previous forecast of $0.54. Jefferies Group has a “Hold” rating and a $23.00 price objective on the stock. Jefferies Group also issued estimates for Bloomin' Brands’ Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.38 EPS and FY2019 earnings at $1.45 EPS.
BLMN has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Bloomin' Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Citigroup downgraded shares of Bloomin' Brands to a “market perform” rating in a research report on Wednesday, December 6th. Bank of America downgraded shares of Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Wednesday, November 22nd. BidaskClub raised shares of Bloomin' Brands from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Finally, Barclays dropped their target price on shares of Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.36.
Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $948.90 million for the quarter, compared to analyst estimates of $944.30 million. Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. Bloomin' Brands’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS.
In other Bloomin' Brands news, Chairman Elizabeth A. Smith sold 375,000 shares of Bloomin' Brands stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $20.79, for a total value of $7,796,250.00. Following the completion of the sale, the chairman now directly owns 206,235 shares of the company’s stock, valued at approximately $4,287,625.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Elizabeth A. Smith sold 1,700 shares of Bloomin' Brands stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total transaction of $28,900.00. Following the completion of the sale, the chief executive officer now directly owns 82,935 shares of the company’s stock, valued at $1,409,895. The disclosure for this sale can be found here. Over the last three months, insiders have sold 551,878 shares of company stock valued at $11,131,099. Corporate insiders own 7.04% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bloomin' Brands by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 476 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Bloomin' Brands in the 3rd quarter valued at $153,000. PNC Financial Services Group Inc. boosted its holdings in shares of Bloomin' Brands by 83.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 3,472 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Bloomin' Brands in the 3rd quarter valued at $181,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Bloomin' Brands by 317.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,608 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 8,064 shares during the last quarter.
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Bloomin' Brands Company Profile
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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