Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $12.00 at BMO Capital Markets

Bloomin’ Brands (NASDAQ:BLMN) had its price objective reduced by research analysts at BMO Capital Markets from $16.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would suggest a potential upside of 20.91% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Barclays set a $11.00 target price on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 target price on the stock. Finally, Piper Sandler reduced their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and an average target price of $15.30.

Bloomin’ Brands Price Performance

Shares of BLMN traded up $0.03 during midday trading on Thursday, hitting $9.93. The company’s stock had a trading volume of 1,112,367 shares, compared to its average volume of 1,917,270. The company’s fifty day simple moving average is $11.94 and its two-hundred day simple moving average is $14.31. The stock has a market capitalization of $842.07 million, a price-to-earnings ratio of -90.40 and a beta of 1.97. Bloomin’ Brands has a one year low of $9.57 and a one year high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Institutional Trading of Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Bloomin’ Brands by 34.8% during the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after purchasing an additional 356,456 shares in the last quarter. Barclays PLC boosted its position in shares of Bloomin’ Brands by 29.4% during the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock valued at $3,621,000 after purchasing an additional 49,723 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Bloomin’ Brands by 58.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock valued at $11,432,000 after purchasing an additional 254,570 shares in the last quarter. Skylands Capital LLC bought a new position in shares of Bloomin’ Brands during the 4th quarter worth about $1,407,000. Finally, Principal Financial Group Inc. boosted its position in shares of Bloomin’ Brands by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after purchasing an additional 147,895 shares in the last quarter.

About Bloomin’ Brands

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.