BMO Capital Markets Lowers Bloomin’ Brands (NASDAQ:BLMN) Price Target to $12.00

Bloomin’ Brands (NASDAQ:BLMN) had its target price decreased by stock analysts at BMO Capital Markets from $16.00 to $12.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target would indicate a potential upside of 27.93% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target for the company. Finally, Barclays set a $11.00 price objective on Bloomin’ Brands and gave the company an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $15.00.

Bloomin’ Brands Trading Down 6.4 %

Shares of BLMN stock opened at $9.38 on Thursday. Bloomin’ Brands has a 1-year low of $9.16 and a 1-year high of $30.13. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The stock has a market cap of $795.83 million, a price-to-earnings ratio of -85.26 and a beta of 1.97. The stock has a 50-day moving average of $11.90 and a 200-day moving average of $14.28.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Bloomin’ Brands by 6.2% in the 3rd 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 in the last quarter. Erste Asset Management GmbH acquired a new position in Bloomin’ Brands during the third quarter worth $41,325,000. Victory Capital Management Inc. lifted its stake in shares of Bloomin’ Brands by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator’s stock valued at $29,190,000 after buying an additional 10,635 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Bloomin’ Brands by 385.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock valued at $22,187,000 after buying an additional 1,442,964 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Bloomin’ Brands by 565.9% during the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock valued at $21,873,000 after buying an additional 1,522,370 shares during the last quarter.

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.