Bloomin’ Brands (NASDAQ:BLMN) Downgraded by StockNews.com to Sell

Bloomin’ Brands (NASDAQ:BLMN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other equities analysts have also issued reports on the company. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group began coverage on Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 price objective on the stock. Barclays reiterated an “equal weight” rating and issued a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. Finally, Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Stock Performance

BLMN stock opened at $12.03 on Monday. The firm has a market cap of $1.02 billion, a PE ratio of -109.35 and a beta of 1.97. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The business has a 50 day moving average of $12.22 and a 200-day moving average of $14.88. Bloomin’ Brands has a 12-month low of $11.03 and a 12-month high of $30.13.

Institutional Investors Weigh In On Bloomin’ Brands

Several institutional investors have recently made changes to their positions in BLMN. Sanctuary Advisors LLC purchased a new stake in shares of Bloomin’ Brands during the second quarter worth $351,000. Creative Planning purchased a new stake in shares of Bloomin’ Brands in the third quarter worth $219,000. Xcel Wealth Management LLC raised its position in shares of Bloomin’ Brands by 19.4% in the third quarter. Xcel Wealth Management LLC now owns 248,078 shares of the restaurant operator’s stock worth $4,101,000 after buying an additional 40,225 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Bloomin’ Brands by 17.3% in the third quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator’s stock worth $257,000 after buying an additional 2,289 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Bloomin’ Brands by 6.2% in the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after buying an additional 147,895 shares in 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.