NEW YORK (TheStreet) -- Bloomin' Brands
(BLMN - Get Report) stock is tanking today, down -21.8% to $15.48, on Tuesday after the restaurant chain lowered its full year earnings guidance to between $1.05 - $1.10 from $1.21 per diluted share.
Adjusted second quarter earnings were 27 cents per diluted share, 2 cents short of analysts expectations, on revenue of $1.1 billion that was in line with analysts' guidance.
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TheStreet Ratings team rates BLOOMIN' BRANDS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:"We rate BLOOMIN' BRANDS INC (BLMN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins."
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