Bloomin’ Brands (NASDAQ:BLMN) Reaches New 1-Year Low – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.88 and last traded at $11.09, with a volume of 643823 shares changing hands. The stock had previously closed at $11.56.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLMN. JPMorgan Chase & Co. cut their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. UBS Group cut their price target on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group assumed coverage on Bloomin’ Brands in a report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target on the stock. StockNews.com lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $13.00 in a research report 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’s stock. According to MarketBeat.com, Bloomin’ Brands has an average rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Trading Down 1.0 %

The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The company has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $14.71. The firm has a market cap of $941.72 million, a PE ratio of -100.90 and a beta of 1.97.

Hedge Funds Weigh In On Bloomin’ Brands

Large investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new position in shares of Bloomin’ Brands during the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $41,000. New Age Alpha Advisors LLC acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $45,000. Finally, KBC Group NV increased its holdings in shares of Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,489 shares during the last quarter.

About Bloomin’ Brands

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.