Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Average Rating of “Reduce” from Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have earned a consensus rating of “Reduce” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.30.

Several research firms have commented on BLMN. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of Bloomin’ Brands in a research note on Thursday, December 5th. They set a “sell” rating and a $13.00 price objective on the stock. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $18.00 to $13.00 in a report on Monday, January 27th. UBS Group decreased their price target 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. Finally, Piper Sandler dropped their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th.

Institutional Investors Weigh In On Bloomin’ Brands

Several hedge funds have recently modified their holdings of BLMN. Erste Asset Management GmbH purchased a new position in Bloomin’ Brands in the 3rd quarter worth about $41,325,000. Schonfeld Strategic Advisors LLC increased 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 worth $19,148,000 after acquiring an additional 1,550,364 shares in the last quarter. American Century Companies Inc. increased its position in shares of Bloomin’ Brands by 565.9% in the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after acquiring an additional 1,522,370 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bloomin’ Brands by 385.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock valued at $22,187,000 after acquiring an additional 1,442,964 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Bloomin’ Brands by 483.0% in the 4th quarter. Marshall Wace LLP now owns 1,225,608 shares of the restaurant operator’s stock valued at $14,965,000 after acquiring an additional 1,015,372 shares in the last quarter.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $12.01 on Friday. Bloomin’ Brands has a one year low of $10.85 and a one year high of $30.13. The stock’s fifty day moving average is $12.03 and its 200-day moving average is $14.47. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -109.13 and a beta of 1.97.

About Bloomin’ Brands

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.