Analysts Set Bloomin' Brands, Inc. (NASDAQ:BLMN) Target Price at $16.30

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has earned an average recommendation of "Reduce" from the eleven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.30.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price 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. Barclays reiterated an "equal weight" rating and set a $13.00 price objective (down from $19.00) on shares of Bloomin' Brands in a research report on Tuesday, January 7th. Raymond James cut Bloomin' Brands from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. UBS Group cut 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. Finally, Bank of America downgraded shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $18.00 to $13.00 in a research note on Monday, January 27th.

Bloomin' Brands Price Performance

Shares of BLMN traded down $0.17 during trading hours on Friday, reaching $11.84. 1,608,689 shares of the company's stock traded hands, compared to its average volume of 1,715,688. 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 firm's 50 day simple moving average is $12.02 and its 200-day simple moving average is $14.43. The stock has a market cap of $1.00 billion, a PE ratio of -107.63 and a beta of 1.97. Bloomin' Brands has a 12 month low of $10.85 and a 12 month high of $30.13.

Institutional Investors Weigh In On Bloomin' Brands

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