The Goldman Sachs Group Issues Pessimistic Forecast for Bloomin’ Brands (NASDAQ:BLMN) Stock Price

Bloomin’ Brands (NASDAQ:BLMN) had its target price cut by equities research analysts at The Goldman Sachs Group from $13.00 to $10.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the restaurant operator’s stock. The Goldman Sachs Group’s target price points to a potential upside of 6.61% from the stock’s previous close.

BLMN has been the subject of a number of other reports. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, UBS Group reduced 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 assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Bloomin’ Brands Trading Down 6.4 %

Bloomin’ Brands stock opened at $9.38 on Thursday. The stock has a 50-day moving average price of $11.90 and a 200 day moving average price of $14.28. Bloomin’ Brands has a 52 week low of $9.16 and a 52 week high of $30.13. The stock has a market cap of $795.83 million, a PE ratio of -85.26 and a beta of 1.97. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Institutional Trading of Bloomin’ Brands

A number of institutional investors have recently modified their holdings of BLMN. Gladius Capital Management LP purchased a new position in Bloomin’ Brands in the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Bloomin’ Brands in the fourth quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Bloomin’ Brands in the fourth quarter worth $32,000. Meeder Asset Management Inc. purchased a new position in shares of Bloomin’ Brands in the 4th quarter valued at $41,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Bloomin’ Brands during the 4th quarter valued at $45,000.

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.