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

Bloomin’ Brands (NASDAQ:BLMN) had its price target dropped by equities research analysts at BMO Capital Markets from $16.00 to $12.00 in a report issued on Thursday,Benzinga reports. The brokerage currently 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 stock’s previous close.

Several other research firms have also commented on BLMN. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. Piper Sandler decreased their price target on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. UBS Group decreased their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.00.

Bloomin’ Brands Stock Performance

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

Institutional Trading of Bloomin’ Brands

Institutional investors have recently modified their holdings of the business. Erste Asset Management GmbH bought a new stake in Bloomin’ Brands during the 3rd quarter valued at $41,325,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Bloomin’ Brands by 8,666.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock valued at $19,148,000 after purchasing an additional 1,550,364 shares during the period. American Century Companies Inc. lifted its holdings in Bloomin’ Brands by 565.9% during the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after purchasing an additional 1,522,370 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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, Marshall Wace LLP increased its holdings in shares of Bloomin’ Brands by 483.0% in the fourth quarter. Marshall Wace LLP now owns 1,225,608 shares of the restaurant operator’s stock worth $14,965,000 after buying an additional 1,015,372 shares during the period.

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.