Bloomin' Brands (NASDAQ:BLMN) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of Bloomin' Brands (NASDAQ:BLMN - Free Report) from a sell rating to a hold rating in a research report report published on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Barclays reissued an "equal weight" rating and set a $13.00 price objective (down previously from $19.00) on shares of Bloomin' Brands in a research report on Tuesday, January 7th. UBS Group cut their price objective on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Bank of America downgraded 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 report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective 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. Finally, Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, Bloomin' Brands presently has a consensus rating of "Hold" and an average price target of $16.30.

Bloomin' Brands Stock Performance

Shares of BLMN stock traded down $0.17 during mid-day trading on Tuesday, reaching $11.84. 1,608,679 shares of the company's stock traded hands, compared to its average volume of 1,715,117. Bloomin' Brands has a 12 month low of $10.85 and a 12 month high of $30.13. The firm has a 50 day moving average price of $12.03 and a two-hundred day moving average price of $14.47. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The firm has a market capitalization of $1.00 billion, a PE ratio of -107.63 and a beta of 1.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in Bloomin' Brands in the 3rd quarter worth $26,000. Headlands Technologies LLC purchased a new stake in Bloomin' Brands in the 4th quarter worth $27,000. Public Employees Retirement System of Ohio purchased a new stake in Bloomin' Brands in the 4th quarter worth $32,000. KBC Group NV lifted its stake in Bloomin' Brands by 79.1% in 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 in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Bloomin' Brands in 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.