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

Bloomin’ Brands (NASDAQ:BLMN) had its target price reduced by stock analysts at BMO Capital Markets from $16.00 to $12.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential upside of 20.91% from the company’s previous close.

A number of other research analysts have also weighed in on BLMN. The Goldman Sachs Group began 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 on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. UBS Group dropped their target price on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Finally, Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.30.

Bloomin’ Brands Stock Up 0.3 %

Shares of BLMN stock traded up $0.03 on Thursday, reaching $9.93. 1,112,367 shares of the company were exchanged, compared to its average volume of 1,917,270. The company has a market cap of $842.07 million, a price-to-earnings ratio of -90.40 and a beta of 1.97. The company has a 50-day moving average of $11.94 and a 200-day moving average of $14.31. 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 one year low of $9.57 and a one year high of $30.13.

Institutional Trading of Bloomin’ Brands

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP purchased a new stake in shares of Bloomin’ Brands during the 3rd quarter valued at $26,000. Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at $32,000. KBC Group NV grew its holdings in shares of Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at $41,000.

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.