Three restaurants closed on February 16: Bonefish Grill locations at La Centerra at Cinco Ranch in Katy and in Webster across from Baybrook Mall, and the Outback Steakhouse in Champions. The Company owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries. Tigress Financial Upgrades Bloomin' Brands, Inc.
None of the Fredericksburg-area locations of Outback Steakhouse, Bonefish Grill or Carrabba's Italian Grill will be affected by recently announced closures, according to Bloomin' Brands Inc. spokeswoman Elizabeth Watts. (NASDAQ:BLMN) in a note sent to investors on 23-Feb-17.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.99, and a price to sales ratio of 2.61. The stock traded with the volume of 3.54 Million shares yesterday.
Bloomin Brands, Inc. (NASDAQ:BLMN) witnessed a decline in the market cap on Wednesday as its shares dropped 4.99% or 0.94 points. The forecast of 6 surveyed investment analysts covering the stock advises investors to Buy stake in the company. A spokesman for Bloomin Brands said no other restaurants in Illinois, Indiana or Wisconsin were closed. The Next Year EPS growth is 7.1%, Long term annual growth estimate of 11.73%, Annual EPS growth past 5 years of 13.37 percent. Additionally, Morgan Stanley Downgrade its ratings on the stock to Underweight. 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.
02/21/2017 - Bloomin' Brands was downgraded to "neutral" by analysts at JP Morgan.
Bloomin' Brands is suffering from an industry-wide slowdown, that many analysts fear could be the beginning of a restaurant recession. The median estimate represents a 17.03% increase from the last price of 17.09.
Our vendor, Zacks Investment Research, hasn't provided us with the upcoming earnings report date. Among 8 Analysts, Bottom line EPS Estimate for the current quarter is $0.47 while the top line estimate is $0.54, a key information to consider for Day Trading and investing in stocks. The spokesman said Bloomin Brands is providing severance to all employees and working to place as many as possible in our other restaurants. Using this scale, a 1 would indicate a Strong Buy, and a 5 rating would represent a Strong Sell rating. The company has the Market capitalization of $1.1 Billion. The stock has 52-week high of $16.67 and 52-Week low of $9.9. The company reached its 52-Week high of $6.17 on Mar 18, 2016 and 52-Week low of $3.64 on Feb 6, 2017.
8/16/2016 per share and the total transaction amounting to Michael Kappitt.
Bloomin' Brands Inc (NASDAQ:BLMN) is expected to release the earnings of its current quarter on 4/25/17. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. The difference between the two numbers was $0 which resulted in a surprise factor of 0%.
The company has YTD performance of 15.01 percent. For the next quarter the company has anticipated average revenues of $1.05B, according to the sentiments of 12 analysts. The company has Weekly Volatility of 1.66%% and Monthly Volatility of 2.34%%.