Bloomin’ Brands (NASDAQ:BLMN) Upgraded 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 Wednesday.

A number of other equities analysts have also commented on BLMN. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. The Goldman Sachs Group began coverage on Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target on the stock. Piper Sandler reduced their price target on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $18.00 to $13.00 in a report on Monday, January 27th. Finally, UBS Group reduced their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $16.30.

Bloomin’ Brands Trading Down 16.8 %

BLMN opened at $9.90 on Wednesday. The firm’s 50 day moving average is $11.98 and its 200-day moving average is $14.34. Bloomin’ Brands has a 52-week low of $9.57 and a 52-week 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. The firm has a market capitalization of $839.95 million, a P/E ratio of -89.99 and a beta of 1.97.

Hedge Funds Weigh In On Bloomin’ Brands

Large investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in Bloomin’ Brands during the third quarter valued at $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $32,000. Meeder Asset Management Inc. bought a new stake in shares of Bloomin’ Brands during the 4th quarter valued at about $41,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Bloomin’ Brands during the fourth quarter worth about $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.