Bloomin’ Brands (NASDAQ:BLMN) Given New $8.50 Price Target at UBS Group

Bloomin’ Brands (NASDAQ:BLMN) had its target price decreased by UBS Group from $13.00 to $8.50 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target points to a potential upside of 6.64% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America cut shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Barclays cut their price target on Bloomin’ Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. BMO Capital Markets decreased their price objective on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Finally, StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.85.

Bloomin’ Brands Stock Down 0.5 %

Shares of BLMN opened at $7.97 on Monday. The firm has a market capitalization of $676.99 million, a price-to-earnings ratio of -72.46 and a beta of 1.76. Bloomin’ Brands has a 52 week low of $6.09 and a 52 week high of $24.64. 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 business’s fifty day moving average price is $7.93 and its two-hundred day moving average price is $11.21.

Insider Buying and Selling at Bloomin’ Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Trading of Bloomin’ Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in Bloomin’ Brands by 29.4% in the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock valued at $3,621,000 after buying an additional 49,723 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Bloomin’ Brands by 2.9% in the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock worth $773,000 after purchasing an additional 1,392 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after purchasing an additional 147,895 shares during the last quarter. GAMMA Investing LLC grew its position in Bloomin’ Brands by 606.6% in the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 4,198 shares in the last quarter. Finally, Goldstone Financial Group LLC acquired a new stake in Bloomin’ Brands in the 4th quarter valued at $286,000.

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.