Bloomin’ Brands (NASDAQ:BLMN) Upgraded by StockNews.com to Hold Rating

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

A number of other brokerages have also weighed in on BLMN. Barclays reaffirmed an “equal weight” rating and set a $13.00 target price (down from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Piper Sandler dropped their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $18.00 to $13.00 in a report on Monday, January 27th. Finally, UBS Group dropped their price objective 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. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $16.30.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $12.20 on Tuesday. 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 cap of $1.04 billion, a PE ratio of -110.90 and a beta of 1.97. The firm’s 50 day simple moving average is $12.04 and its 200-day simple moving average is $14.49. Bloomin’ Brands has a one year low of $10.85 and a one year high of $30.13.

Institutional Trading of Bloomin’ Brands

Institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP acquired a new position in Bloomin’ Brands during the 3rd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Bloomin’ Brands during the 4th quarter worth approximately $27,000. Public Employees Retirement System of Ohio acquired a new position in Bloomin’ Brands during the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new position in Bloomin’ Brands during the 4th quarter valued at approximately $41,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Bloomin’ Brands in the fourth quarter worth $45,000.

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.