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.
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.
COPYRIGHT VIOLATION WARNING: This news story was first published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://weekherald.com/2018/02/15/bloomin-brands-blmn-upgraded-at-bidaskclub.html.
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.
Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.