Bloomin' Brands (NASDAQ:BLMN) Shares Up 8.5% - Should You Buy?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s stock price was up 8.5% on Tuesday . The company traded as high as $11.96 and last traded at $12.05. Approximately 560,921 shares traded hands during trading, a decline of 65% from the average daily volume of 1,605,044 shares. The stock had previously closed at $11.10.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Tuesday. Barclays reissued an "equal weight" rating and issued a $13.00 target price (down previously from $19.00) on shares of Bloomin' Brands in a research note on Tuesday, January 7th. Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Bank of America downgraded shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their target price for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus price target of $16.30.

Bloomin' Brands Stock Performance

The stock's fifty day moving average is $12.02 and its two-hundred day moving average is $14.43. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -107.63 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31.

Institutional Investors Weigh In On Bloomin' Brands

Large investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Bloomin' Brands during the 3rd quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Bloomin' Brands during the 4th quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new position in Bloomin' Brands during the 4th quarter worth $32,000. KBC Group NV grew its holdings in 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 acquiring an additional 1,489 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Bloomin' Brands during the 4th quarter worth $41,000.

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.