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

StockNews.com upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

BLMN has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Monday, January 27th. UBS Group dropped their target price 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. Barclays reiterated 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. Finally, Piper Sandler lowered their price target on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Bloomin’ Brands currently has an average rating of “Hold” and an average price target of $16.30.

Bloomin’ Brands Price Performance

Bloomin’ Brands stock opened at $9.90 on Wednesday. The stock has a market capitalization of $839.95 million, a P/E ratio of -89.99 and a beta of 1.97. Bloomin’ Brands has a 12-month low of $9.57 and a 12-month high of $30.13. 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’s 50-day moving average is $11.98 and its two-hundred day moving average is $14.34.

Hedge Funds Weigh In On Bloomin’ Brands

Several hedge funds and other 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 purchased a new position in shares of Bloomin’ Brands in the 4th quarter valued at $32,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin’ Brands during the 4th quarter valued at $41,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Bloomin’ Brands during the 4th quarter worth $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.