Q1 2018 Earnings Estimate for Bloomin' Brands Inc (BLMN) Issued By Jefferies Group

Bloomin' Brands Inc (NASDAQ:BLMN) – Equities research analysts at Jefferies Group dropped their Q1 2018 earnings estimates for shares of Bloomin' Brands in a report issued on Friday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.54. Jefferies Group currently has a “Hold” rating and a $23.00 target price 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.

Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The business had revenue of $948.90 million for the quarter, compared to analysts’ expectations of $944.30 million. During the same period in the prior year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Bloomin' Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Citigroup downgraded Bloomin' Brands to a “market perform” rating in a report on Wednesday, December 6th. Raymond James Financial downgraded Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a report on Wednesday, December 6th. ValuEngine downgraded Bloomin' Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BMO Capital Markets reduced their price target on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.36.

Bloomin' Brands (BLMN) traded down $0.07 during mid-day trading on Monday, hitting $21.14. The stock had a trading volume of 925,000 shares, compared to its average volume of 1,513,785. Bloomin' Brands has a 52-week low of $16.11 and a 52-week high of $22.47. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17. The stock has a market capitalization of $1,929.44, a PE ratio of 27.45, a P/E/G ratio of 1.27 and a beta of 0.65.

Several institutional investors have recently bought and sold shares of BLMN. Jana Partners LLC bought a new stake in shares of Bloomin' Brands in the 3rd quarter worth about $73,480,000. Gotham Asset Management LLC bought a new stake in Bloomin' Brands in the second quarter worth approximately $13,380,000. Koch Industries Inc. bought a new stake in Bloomin' Brands in the second quarter worth approximately $547,000. Prudential Financial Inc. grew its position in Bloomin' Brands by 94.8% in the second quarter. Prudential Financial Inc. now owns 1,124,340 shares of the restaurant operator’s stock worth $23,870,000 after acquiring an additional 547,210 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in Bloomin' Brands in the second quarter worth approximately $9,699,000.

In other news, Chairman Elizabeth A. Smith sold 100,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $17.00, for a total value of $1,700,000.00. Following the completion of the sale, the chairman now owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elizabeth A. Smith sold 1,700 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total value 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 approximately $1,409,895. The disclosure for this sale can be found here. Insiders have sold a total of 551,878 shares of company stock worth $11,131,099 in the last ninety days. Insiders own 7.04% of the company’s stock.

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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.

Earnings History and Estimates for Bloomin' Brands (NASDAQ:BLMN)

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