BMO Capital Markets Lowers Bloomin' Brands (NASDAQ:BLMN) Price Target to $12.00

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) had its price objective reduced by equities research analysts at BMO Capital Markets from $16.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the restaurant operator's stock. BMO Capital Markets' price target indicates a potential upside of 42.18% from the stock's previous close.

BLMN has been the topic of several other research reports. Piper Sandler decreased their target price on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Raymond James cut shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped 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 set a $11.00 price target on shares of Bloomin' Brands and gave the company an "equal weight" rating in a report on Thursday. Finally, StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $15.00.

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Bloomin' Brands Price Performance

Shares of BLMN traded down $0.94 during trading hours on Thursday, reaching $8.44. 4,171,626 shares of the stock traded hands, compared to its average volume of 1,668,222. The company has a market cap of $716.82 million, a P/E ratio of -76.72 and a beta of 1.97. 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 company's 50-day moving average price is $11.85 and its two-hundred day moving average price is $14.20. Bloomin' Brands has a 52-week low of $8.38 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. FMR LLC increased its position in shares of Bloomin' Brands by 34.8% during the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator's stock valued at $22,830,000 after purchasing an additional 356,456 shares during the last quarter. Barclays PLC boosted its stake in Bloomin' Brands by 29.4% during the third quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after buying an additional 49,723 shares during the period. A&I Financial Services LLC purchased a new stake in shares of Bloomin' Brands in the fourth quarter valued at $343,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Bloomin' Brands by 58.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator's stock worth $11,432,000 after acquiring an additional 254,570 shares during the last quarter. Finally, Skylands Capital LLC purchased a new position in shares of Bloomin' Brands during the 4th quarter worth about $1,407,000.

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.