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

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned a consensus rating of “Reduce” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.30.

BLMN has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 target price for the company. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. UBS Group cut their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut 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.

Hedge Funds Weigh In On Bloomin’ Brands

Several hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in Bloomin’ Brands during the fourth quarter worth $32,000. Two Sigma Advisers LP bought a new stake in Bloomin’ Brands during the fourth quarter valued at about $1,552,000. Two Sigma Investments LP boosted its holdings in Bloomin’ Brands by 160.9% during the fourth quarter. Two Sigma Investments LP now owns 401,697 shares of the restaurant operator’s stock valued at $4,905,000 after acquiring an additional 247,702 shares during the period. State of Wyoming boosted its holdings in Bloomin’ Brands by 99.5% during the fourth quarter. State of Wyoming now owns 10,319 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 5,146 shares during the period. Finally, Systematic Financial Management LP boosted its holdings in Bloomin’ Brands by 5.0% during the fourth quarter. Systematic Financial Management LP now owns 655,688 shares of the restaurant operator’s stock valued at $8,006,000 after acquiring an additional 31,188 shares during the period.

Bloomin’ Brands Stock Performance

Shares of Bloomin’ Brands stock opened at $11.90 on Friday. The stock has a market cap of $1.01 billion, a PE ratio of -108.17 and a beta of 1.97. The business has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $14.36. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands has a 12 month low of $10.85 and a 12 month high of $30.13.

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.