The Goldman Sachs Group Has Lowered Expectations for Bloomin’ Brands (NASDAQ:BLMN) Stock Price

Bloomin’ Brands (NASDAQ:BLMN) had its target price lowered by equities research analysts at The Goldman Sachs Group from $13.00 to $10.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the restaurant operator’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 0.86% from the stock’s current price.

BLMN has been the topic of several other reports. JPMorgan Chase & Co. reduced their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. UBS Group reduced their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Barclays set a $11.00 price target on Bloomin’ Brands and gave the stock an “equal weight” rating in a research report on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

Bloomin’ Brands Price Performance

BLMN stock traded up $0.02 during midday trading on Thursday, reaching $9.92. The company had a trading volume of 1,444,638 shares, compared to its average volume of 1,925,534. The firm has a 50-day moving average price of $11.94 and a 200-day moving average price of $14.31. The company has a market capitalization of $841.22 million, a P/E ratio of -90.22 and a beta of 1.97. Bloomin’ Brands has a 1 year low of $9.57 and a 1 year high of $30.13. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Hedge Funds Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. Verdence Capital Advisors LLC raised its holdings in Bloomin’ Brands by 6.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 780 shares during the last quarter. Franklin Resources Inc. raised its stake in Bloomin’ Brands by 2.9% during the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock worth $773,000 after acquiring an additional 1,392 shares during the period. KBC Group NV boosted its holdings in shares of Bloomin’ Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares during the period. Gladius Capital Management LP bought a new position in Bloomin’ Brands in the 3rd quarter worth approximately $26,000. Finally, Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands in the fourth quarter valued at approximately $27,000.

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.