Bloomin' Brands (NASDAQ:BLMN) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Bloomin' Brands (NASDAQ:BLMN) from a sell rating to a hold rating in a research report released on Monday, February 5th.

Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of Bloomin' Brands from a hold rating to a buy rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Bloomin' Brands from a sell rating to a hold rating in a report on Thursday, January 18th. Jefferies Group reiterated a hold rating and issued a $23.00 target price on shares of Bloomin' Brands in a research note on Friday, December 22nd. William Blair reiterated a market perform rating on shares of Bloomin' Brands in a research note on Monday, January 22nd. Finally, Raymond James Financial cut Bloomin' Brands from an outperform rating to a market perform rating and set a $24.00 target price on the stock. in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Bloomin' Brands currently has a consensus rating of Hold and a consensus target price of $22.10.

Bloomin' Brands (BLMN) opened at $21.24 on Monday. The company has a market cap of $1,892.93, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.54 and a beta of 0.50. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17. Bloomin' Brands has a 1-year low of $16.11 and a 1-year high of $22.96.

In related news, Chairman Elizabeth A. Smith sold 375,000 shares of Bloomin' Brands stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $20.79, for a total transaction of $7,796,250.00. Following the sale, the chairman now directly owns 206,235 shares in the company, valued at $4,287,625.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Peter Schmidt sold 3,500 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $22.50, for a total transaction of $78,750.00. Following the completion of the sale, the executive vice president now owns 7,916 shares in the company, valued at $178,110. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,678 shares of company stock worth $9,480,949. Company insiders own 7.04% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC bought a new stake in Bloomin' Brands in the fourth quarter worth about $203,000. Dean Capital Management bought a new stake in Bloomin' Brands in the fourth quarter worth about $2,329,000. Millennium Management LLC raised its position in Bloomin' Brands by 226.7% in the fourth quarter. Millennium Management LLC now owns 872,560 shares of the restaurant operator’s stock worth $18,620,000 after acquiring an additional 605,511 shares in the last quarter. Earnest Partners LLC raised its position in Bloomin' Brands by 30.9% in the fourth quarter. Earnest Partners LLC now owns 5,268,819 shares of the restaurant operator’s stock worth $112,437,000 after acquiring an additional 1,245,120 shares in the last quarter. Finally, HBK Investments L P raised its position in Bloomin' Brands by 4.5% in the fourth quarter. HBK Investments L P now owns 242,600 shares of the restaurant operator’s stock worth $5,177,000 after acquiring an additional 10,500 shares in the last quarter.

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Bloomin' Brands Company Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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