Bloomin' Brands (NASDAQ:BLMN) Hits New 52-Week Low - Should You Sell?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $10.88 and last traded at $11.09, with a volume of 643823 shares trading hands. The stock had previously closed at $11.56.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on 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 reissued an "equal weight" rating and issued a $13.00 price target (down previously from $19.00) on shares of Bloomin' Brands in a research note on Tuesday, January 7th. Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Raymond James lowered shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Finally, Piper Sandler dropped their price target on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.30.

Bloomin' Brands Trading Down 1.0 %

The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The firm has a market capitalization of $941.72 million, a price-to-earnings ratio of -100.90 and a beta of 1.97. The firm's 50 day moving average is $12.07 and its 200 day moving average is $14.56.

Institutional Investors Weigh In On Bloomin' Brands

A number of institutional investors and hedge funds have recently modified their holdings of BLMN. Gladius Capital Management LP purchased a new position in Bloomin' Brands in the 3rd quarter worth about $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin' Brands in the fourth quarter worth about $27,000. KBC Group NV boosted its holdings in shares of Bloomin' Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock worth $56,000 after buying an additional 1,489 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Bloomin' Brands in the fourth quarter worth approximately $41,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin' Brands during the fourth quarter valued at approximately $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.