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 research note issued to investors on Friday.

Several other research analysts also recently commented on the company. Barclays set a $11.00 price target on Bloomin’ Brands and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. Piper Sandler reduced their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, Bloomin’ Brands presently has an average rating of “Hold” and an average price target of $15.00.

Bloomin’ Brands Trading Down 1.0 %

Bloomin’ Brands stock opened at $8.56 on Friday. Bloomin’ Brands has a 52 week low of $8.00 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The firm has a market capitalization of $727.01 million, a PE ratio of -77.81 and a beta of 1.97. The business’s 50-day simple moving average is $11.58 and its 200-day simple moving average is $14.00.

Insiders Place Their Bets

In other news, EVP Patrick M. Hafner sold 9,555 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.14% of the company’s stock.

Institutional Trading of Bloomin’ Brands

Large investors have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new position in shares of Bloomin’ Brands during the third quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in shares of Bloomin’ Brands during the 4th quarter worth about $27,000. Public Employees Retirement System of Ohio bought a new position in Bloomin’ Brands during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. acquired a new position in Bloomin’ Brands in the fourth quarter valued at about $41,000. Finally, New Age Alpha Advisors LLC bought a new stake in Bloomin’ Brands during the fourth quarter worth about $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.