Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $8.64 Consensus PT from Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.6429.

A number of equities analysts have recently weighed in on BLMN shares. The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a research note on Friday, November 7th. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Loop Capital set a $10.00 target price on Bloomin’ Brands in a research report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Bloomin’ Brands in a report on Monday, December 29th.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $6.96 on Friday. The business’s 50-day moving average is $6.86 and its 200-day moving average is $7.08. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38. The company has a market capitalization of $593.11 million, a price-to-earnings ratio of -10.39 and a beta of 1.15. Bloomin’ Brands has a fifty-two week low of $5.86 and a fifty-two week high of $12.47.

Institutional Trading of Bloomin’ Brands

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bloomin’ Brands by 83,825.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 3,353 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 1,662 shares during the last quarter. GAMMA Investing LLC raised its holdings in Bloomin’ Brands by 50.9% in the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 2,099 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Bloomin’ Brands by 72.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 2,000 shares during the period. Finally, R Squared Ltd acquired a new position in Bloomin’ Brands during the 4th quarter worth $80,000.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.