Bloomin' Brands (NASDAQ:BLMN)‘s stock had its “sell” rating restated by investment analysts at Goldman Sachs Group in a research report issued to clients and investors on Friday, Marketbeat.com reports.
A number of other equities analysts have also recently weighed in on BLMN. Zacks Investment Research upgraded Bloomin' Brands from a “sell” rating to a “hold” rating in a report on Thursday. Barclays restated an “overweight” rating and issued a $25.00 price target (up previously from $21.00) on shares of Bloomin' Brands in a report on Tuesday. BidaskClub cut Bloomin' Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Jefferies Group restated a “hold” rating and issued a $23.00 price target on shares of Bloomin' Brands in a report on Friday, December 22nd. Finally, Citigroup cut Bloomin' Brands to a “market perform” rating in a report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.
Bloomin' Brands (NASDAQ BLMN) traded down $0.06 during midday trading on Friday, reaching $21.90. The company’s stock had a trading volume of 1,310,000 shares, compared to its average volume of 907,292. The stock has a market cap of $2,040.00, a PE ratio of 28.44, a PEG ratio of 1.65 and a beta of 0.64. Bloomin' Brands has a 52-week low of $16.11 and a 52-week high of $22.96. The company has a debt-to-equity ratio of 31.17, a quick ratio of 0.29 and a current ratio of 0.36.
In other Bloomin' Brands news, Chairman Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $17.00, for a total value of $1,700,000.00. Following the transaction, the chairman now directly owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Elizabeth A. Smith sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $17.00, for a total value of $28,900.00. Following the completion of the transaction, the chief executive officer now directly owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 555,378 shares of company stock worth $11,209,849. 7.04% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Jana Partners LLC acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at approximately $73,480,000. Stevens Capital Management LP raised its position in shares of Bloomin' Brands by 57.7% during the 3rd quarter. Stevens Capital Management LP now owns 18,849 shares of the restaurant operator’s stock valued at $332,000 after acquiring an additional 6,900 shares in the last quarter. Numeric Investors LLC acquired a new stake in shares of Bloomin' Brands during the 2nd quarter valued at approximately $4,573,000. Segall Bryant & Hamill LLC raised its position in shares of Bloomin' Brands by 13.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 187,652 shares of the restaurant operator’s stock valued at $3,303,000 after acquiring an additional 22,906 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at approximately $620,000.
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.
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.