Bloomin' Brands (NASDAQ:BLMN) was downgraded by Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday.
A number of other equities analysts have also weighed in on the company. ValuEngine lowered Bloomin' Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America lowered Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Wednesday, November 22nd. Jefferies Group reiterated a “hold” rating and set a $19.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 31st. Credit Suisse Group reduced their price objective on Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. Finally, Barclays reduced their price objective on Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Bloomin' Brands has a consensus rating of “Hold” and an average price target of $21.00.
Bloomin' Brands (BLMN) traded up $0.27 during midday trading on Wednesday, hitting $22.42. The company’s stock had a trading volume of 1,635,100 shares, compared to its average volume of 1,538,447. The stock has a market cap of $2,021.62, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.33 and a beta of 0.65. Bloomin' Brands has a twelve month low of $16.11 and a twelve month high of $22.47. The company has a debt-to-equity ratio of 31.17, a current ratio of 0.36 and a quick ratio of 0.29.
In other Bloomin' Brands news, CEO Elizabeth A. Smith sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total transaction of $28,900.00. Following the completion of the sale, the chief executive officer now directly owns 82,935 shares in the company, valued at approximately $1,409,895. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher W. Brandt sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $20.47, for a total value of $511,750.00. Following the sale, the executive vice president now owns 4,416 shares of the company’s stock, valued at $90,395.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,700 shares of company stock valued at $2,240,650. 7.04% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Jana Partners LLC purchased a new stake in Bloomin' Brands during the 3rd quarter worth approximately $73,480,000. Earnest Partners LLC increased its stake in Bloomin' Brands by 1.7% during the 3rd quarter. Earnest Partners LLC now owns 4,023,699 shares of the restaurant operator’s stock worth $70,817,000 after buying an additional 68,511 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bloomin' Brands by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock worth $52,097,000 after buying an additional 23,110 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Bloomin' Brands by 0.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,270,893 shares of the restaurant operator’s stock worth $39,968,000 after buying an additional 8,286 shares in the last quarter. Finally, State Street Corp increased its stake in Bloomin' Brands by 2.3% during the 2nd quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock worth $45,931,000 after buying an additional 48,043 shares in the last quarter.
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About Bloomin' Brands
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.
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