NEW YORK (TheStreet) -- Bloomin' Brands (BLMN) reported a 6% first quarter increase in revenue over the previous year to $1.16 billion during the its first quarter earnings period today.
The Outback Steakhouse and Carrabbas Italian Grill restaurant concept owner's revenue tally was in line analysts quarterly guidance.
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However, earnings for the period were 46 cents per diluted share, 1 cent less than analysts expectations. The company also maintained its full year guidance at earnings of $1.21 per share, below analysts estimates of $1.22 per share.
Shares are flat in pre-market trading on Friday.
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 generally higher debt management risk, poor profit margins and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: