Bloomin’ Brands (NASDAQ:BLMN) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a report released on Monday morning.

A number of other equities analysts have also issued reports on BLMN. The Goldman Sachs Group initiated coverage on Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Piper Sandler lowered their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, Barclays restated an “equal weight” rating and set a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Stock Down 3.9 %

BLMN stock opened at $11.56 on Monday. The company has a market cap of $980.75 million, a price-to-earnings ratio of -105.08 and a beta of 1.97. The company has a fifty day moving average price of $12.20 and a 200 day moving average price of $14.82. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin’ Brands has a 12 month low of $11.03 and a 12 month high of $30.13.

Hedge Funds Weigh In On Bloomin’ Brands

Several hedge funds have recently bought and sold shares of BLMN. Gladius Capital Management LP acquired a new position in Bloomin’ Brands in the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin’ Brands in the fourth quarter valued at approximately $41,000. New Age Alpha Advisors LLC purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $45,000. Finally, KBC Group NV boosted its position in Bloomin’ Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 1,489 shares during the last quarter.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.