Analyst's Perspective on Rating and Recommendation: Bloomin' Brands Inc (NASDAQ:BLMN)
00:46, Feb 26, 2017
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Bloomin' Brands has a 52 week low of $15.82 and a 52 week high of $19.99. They now have a Dollars 19 price target on the stock. However brokerage recommendations suggests an ABR of 2.37 based on calls of 9 experts, where 3 brokers polls the stock a Strong Buy, 1 suggest the stock a Buy, 4 suggest Hold, 0 are rating the stock as Sell while 1 as Strong Sell.
The share price of Bloomin' Brands (NASDAQ:BLMN) was down -3.99% during the last trading session, with a day high of 17.52.
The Stock now has Analyst' mean Recommendation of 2.3 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.
Bloomin' Brands, Inc. Gross Margin percentage stands at 67.9% while its Operating Margin for trailing twelve month is 2.3 percent and Profit margin (ttm) is 1 Percent. Credit Suisse Group downgraded shares of Bloomin' Brands from an outperform rating to a neutral rating and cut their price target for the company from $21.00 to $19.00 in a report on Thursday. Bloomin' Brands has a 12 month low of $14.97 and a 12 month high of $19.99. Bloomin' Brands, Inc. The stock touched its 52-Week High on Nov 11, 2016 and 52-Week Low on Oct 28, 2016. The business's quarterly revenue was down 4.3% compared to the same quarter past year.
Now we look at the Moving Averages, the 200-day is -6.22, the 50-day is -4.35 and the 20-day is -2.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Zacks Investment Research lowered shares of Bloomin' Brands from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 2nd. The ex-dividend date is Thursday, February 23rd. Finally, Jefferies Group LLC reissued a "hold" rating on shares of Bloomin' Brands in a report on Tuesday, January 3rd. If you are accessing this article on another domain, it was illegally copied and republished in violation of USA and global copyright & trademark laws. Bloomin' Brands's payout ratio is presently 52.83%.
Want to see what other hedge funds are holding BLMN? Public Employees Retirement System of OH now owns 7,091 shares of the company's stock worth $127,000 after buying an additional 968 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Bloomin' Brands during the second quarter worth approximately $42,232,000. Public Employees Retirement System of OH raised its stake in shares of Bloomin' Brands by 15.8% in the second quarter. US Bancorp DE now owns 66,511 shares of the company's stock valued at $1,189,000 after buying an additional 3,849 shares during the period. Finally, BlackRock Inc. boosted its stake in Bloomin' Brands by 401.2% in the second quarter.
Many Analysts provided their foresight on Revenue Estimates of Bloomin' Brands, Inc. where they believe that the company has the potential to earn average revenue of $1.14 Billion for the current quarter.
Bloomin' Brands also owns Outback Steakhouse, Bonefish Grill and Fleming's Prime Steakhouse.
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