StockNews.com Upgrades Bloomin’ Brands (NASDAQ:BLMN) to “Hold”

Bloomin’ Brands (NASDAQ:BLMN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded 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 report on Monday, January 27th. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. The Goldman Sachs Group assumed coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, UBS Group reduced their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $10.00 on Wednesday. The firm has a 50-day moving average price of $11.94 and a two-hundred day moving average price of $14.31. Bloomin’ Brands has a 12-month low of $9.57 and a 12-month high of $30.13. The company has a market capitalization of $848.01 million, a P/E ratio of -90.86 and a beta of 1.97. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BLMN. Creative Planning acquired a new stake in shares of Bloomin’ Brands during the 3rd quarter valued at $219,000. Farther Finance Advisors LLC raised its position in Bloomin’ Brands by 17.3% in the third quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator’s stock valued at $257,000 after purchasing an additional 2,289 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after purchasing an additional 147,895 shares in the last quarter. Olympiad Research LP bought a new stake in shares of Bloomin’ Brands during the third quarter worth about $202,000. Finally, Easterly Investment Partners LLC increased its stake in shares of Bloomin’ Brands by 14.8% in the third quarter. Easterly Investment Partners LLC now owns 676,157 shares of the restaurant operator’s stock valued at $11,177,000 after buying an additional 87,293 shares during the period.

About Bloomin’ Brands

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.