Bloomin' Brands (NASDAQ:BLMN) Downgraded to "Sell" Rating by StockNews.com

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.

Several other research analysts have also recently issued reports on the stock. UBS Group decreased their price objective on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $18.00 to $13.00 in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Bloomin' Brands in a research report on Thursday, December 5th. They issued a "sell" rating and a $13.00 price target for the company. Finally, Barclays restated an "equal weight" rating and issued a $13.00 price target (down previously from $19.00) on shares of Bloomin' Brands in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, Bloomin' Brands currently has a consensus rating of "Hold" and an average target price of $16.30.

Bloomin' Brands Price Performance

Shares of Bloomin' Brands stock traded down $0.13 on Monday, hitting $11.09. The company had a trading volume of 1,650,034 shares, compared to its average volume of 1,615,649. The business has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $14.80. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market cap of $940.48 million, a PE ratio of -100.76 and a beta of 1.97. Bloomin' Brands has a 52 week low of $10.85 and a 52 week high of $30.13.

Institutional Investors Weigh In On Bloomin' Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new stake in Bloomin' Brands in the 3rd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Bloomin' Brands in the 4th quarter worth approximately $27,000. KBC Group NV increased its stake in shares of Bloomin' Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock worth $56,000 after purchasing an additional 1,489 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Bloomin' Brands during the 4th quarter worth $41,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Bloomin' Brands during the 4th 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.