Bloomin' Brands (NASDAQ:BLMN) Given New $10.00 Price Target at The Goldman Sachs Group

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) had its target price dropped by analysts at The Goldman Sachs Group from $13.00 to $10.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "sell" rating on the restaurant operator's stock. The Goldman Sachs Group's price target would suggest a potential upside of 18.48% from the stock's previous close.

A number of other equities research analysts have also recently commented on BLMN. Piper Sandler decreased their target price on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Raymond James downgraded Bloomin' Brands from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Barclays set a $11.00 price objective on shares of Bloomin' Brands and gave the company an "equal weight" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and ten 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 price target of $15.00.

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Bloomin' Brands Stock Down 10.0 %

BLMN traded down $0.94 on Thursday, hitting $8.44. The company had a trading volume of 4,172,833 shares, compared to its average volume of 1,668,223. The stock has a market capitalization of $716.82 million, a price-to-earnings ratio of -76.72 and a beta of 1.97. The stock has a fifty day moving average price of $11.85 and a 200-day moving average price of $14.20. Bloomin' Brands has a 12-month low of $8.38 and a 12-month high of $30.13. 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

Several hedge funds have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC raised its stake in shares of Bloomin' Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator's stock valued at $210,000 after buying an additional 780 shares during the last quarter. Franklin Resources Inc. raised its position in Bloomin' Brands by 2.9% during the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock valued at $773,000 after acquiring an additional 1,392 shares in the last quarter. KBC Group NV lifted its holdings in Bloomin' Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after acquiring an additional 1,489 shares during the period. Gladius Capital Management LP acquired a new position in Bloomin' Brands in the third quarter valued at approximately $26,000. Finally, Headlands Technologies LLC purchased a new stake in Bloomin' Brands in the 4th quarter worth approximately $27,000.

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.