Bloomin’ Brands (NASDAQ:BLMN) Given New $10.00 Price Target at The Goldman Sachs Group

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

A number of other research firms have also recently weighed in on BLMN. Piper Sandler decreased their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays set a $11.00 price objective on Bloomin’ Brands and gave the company an “equal weight” rating in a research note on Thursday. Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their target price for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $15.00.

Bloomin’ Brands Trading Down 6.4 %

NASDAQ BLMN opened at $9.38 on Thursday. The company’s fifty day simple moving average is $11.90 and its 200-day simple moving average is $14.28. Bloomin’ Brands has a 52 week low of $9.16 and a 52 week high of $30.13. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The stock has a market cap of $795.83 million, a P/E ratio of -85.26 and a beta of 1.97.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Bloomin’ Brands by 6.2% in the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after acquiring an additional 147,895 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Bloomin’ Brands during the 3rd quarter worth approximately $41,325,000. Victory Capital Management Inc. lifted its holdings in shares of Bloomin’ Brands by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator’s stock worth $29,190,000 after purchasing an additional 10,635 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Bloomin’ Brands by 385.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock valued at $22,187,000 after purchasing an additional 1,442,964 shares during the period. Finally, American Century Companies Inc. grew its stake in Bloomin’ Brands by 565.9% during the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after buying an additional 1,522,370 shares during the last quarter.

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.