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

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

Other equities analysts have also issued research reports about the stock. 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 report on Thursday, December 5th. They issued a “sell” rating and a $13.00 target price on the stock. UBS Group lowered their price target on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Piper Sandler cut their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Finally, Barclays reiterated an “equal weight” rating and set a $13.00 target price (down previously from $19.00) on shares of Bloomin’ Brands in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and an average price target of $16.30.

Bloomin’ Brands Trading Down 3.9 %

Shares of BLMN stock opened at $11.56 on Monday. Bloomin’ Brands has a 1-year low of $11.03 and a 1-year high of $30.13. The firm’s 50-day simple moving average is $12.20 and its 200-day simple moving average is $14.82. The firm has a market cap of $980.75 million, a P/E ratio of -105.08 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Hedge Funds Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in Bloomin’ Brands during the 3rd quarter worth $26,000. Headlands Technologies LLC acquired a new position in Bloomin’ Brands in the fourth quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in shares of Bloomin’ Brands during the 4th quarter valued at about $41,000. New Age Alpha Advisors LLC acquired a new position in Bloomin’ Brands in the fourth quarter valued at approximately $45,000. Finally, KBC Group NV boosted its stake in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares during the period.

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.