Bloomin’ Brands (NASDAQ:BLMN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a sell rating to a hold rating in a research note released on Tuesday morning.

Several other research firms have also issued reports on BLMN. JPMorgan Chase & Co. cut their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Piper Sandler cut their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. UBS Group lowered their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group started coverage on shares of Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 price objective for the company. Finally, Bank of America cut shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Stock Performance

BLMN opened at $12.01 on Tuesday. Bloomin’ Brands has a 12-month low of $10.85 and a 12-month high of $30.13. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -109.13 and a beta of 1.97. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The company’s 50 day moving average is $12.03 and its 200 day moving average is $14.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLMN. Gladius Capital Management LP purchased a new stake in shares of Bloomin’ Brands in the third quarter valued at $26,000. Headlands Technologies LLC bought a new stake in Bloomin’ Brands in the fourth quarter worth about $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $41,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $45,000.

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.