Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Consensus Rating of “Reduce” by Analysts

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received a consensus rating of “Reduce” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.6429.

BLMN has been the subject of several analyst reports. Loop Capital set a $10.00 target price on shares of Bloomin’ Brands in a report on Tuesday, December 16th. Zacks Research raised shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 29th. Finally, The Goldman Sachs Group upgraded Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Friday, November 7th.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $6.47 on Friday. The business’s 50 day moving average price is $6.86 and its 200-day moving average price is $7.08. Bloomin’ Brands has a fifty-two week low of $5.86 and a fifty-two week high of $12.47. The company has a market cap of $551.37 million, a P/E ratio of -9.66 and a beta of 1.15. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45.

Institutional Trading of Bloomin’ Brands

A number of large investors have recently made changes to their positions in BLMN. Royal Bank of Canada increased its stake in Bloomin’ Brands by 50.4% in the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after buying an additional 111,801 shares during the period. AQR Capital Management LLC increased its position in shares of Bloomin’ Brands by 156.1% during the first quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after acquiring an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bloomin’ Brands by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock valued at $333,000 after acquiring an additional 2,622 shares in the last quarter. Millennium Management LLC raised its stake in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after acquiring an additional 1,268,988 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Bloomin’ Brands by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after purchasing an additional 43,329 shares during the period.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.