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

Bloomin’ Brands (NASDAQ:BLMN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities analysts also recently weighed in on BLMN. 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 research report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target on the stock. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, UBS Group lowered their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Two equities research 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, Bloomin’ Brands presently has an average rating of “Hold” and an average price target of $15.00.

Bloomin’ Brands Stock Performance

Shares of Bloomin’ Brands stock opened at $10.00 on Wednesday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market cap of $848.01 million, a price-to-earnings ratio of -90.86 and a beta of 1.97. The stock’s 50-day moving average is $11.94 and its 200-day moving average is $14.31. Bloomin’ Brands has a one year low of $9.57 and a one year high of $30.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Erste Asset Management GmbH bought a new stake in Bloomin’ Brands in the 3rd quarter valued at $41,325,000. Schonfeld Strategic Advisors LLC raised its position in shares of Bloomin’ Brands by 8,666.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock valued at $19,148,000 after purchasing an additional 1,550,364 shares during the period. American Century Companies Inc. lifted its stake in shares of Bloomin’ Brands by 565.9% during the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after buying an additional 1,522,370 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bloomin’ Brands by 385.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock worth $22,187,000 after buying an additional 1,442,964 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Bloomin’ Brands by 483.0% during the 4th quarter. Marshall Wace LLP now owns 1,225,608 shares of the restaurant operator’s stock worth $14,965,000 after buying an additional 1,015,372 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.