Bloomin' Brands (BLMN) Upgraded at BidaskClub

BidaskClub upgraded shares of Bloomin' Brands (NASDAQ:BLMN) from a sell rating to a hold rating in a report released on Monday.

Several other research firms have also recently weighed in on BLMN. Jefferies Group reissued a hold rating and set a $19.00 price objective on shares of Bloomin' Brands in a research report on Thursday, October 12th. Barclays boosted their price objective on Bloomin' Brands from $25.00 to $26.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. BMO Capital Markets cut their price objective on Bloomin' Brands from $25.00 to $24.00 and set an outperform rating for the company in a research report on Monday, November 6th. Zacks Investment Research raised Bloomin' Brands from a strong sell rating to a hold rating in a research report on Wednesday, January 3rd. Finally, ValuEngine raised Bloomin' Brands from a hold rating to a buy rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $22.10.

Bloomin' Brands (BLMN) opened at $21.16 on Monday. Bloomin' Brands has a 12-month low of $16.11 and a 12-month 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. The firm has a market capitalization of $1,929.44, a PE ratio of 16.91, a P/E/G ratio of 1.57 and a beta of 0.50.

In other Bloomin' Brands news, EVP Christopher W. Brandt sold 25,000 shares of the company’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 completion of the transaction, the executive vice president now owns 4,416 shares of the company’s stock, valued at approximately $90,395.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Peter Schmidt sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $22.50, for a total value of $78,750.00. Following the completion of the transaction, the executive vice president now directly owns 7,916 shares of the company’s stock, valued at approximately $178,110. The disclosure for this sale can be found here. In the last ninety days, insiders sold 453,678 shares of company stock valued at $9,480,949. Insiders own 7.04% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BLMN. Public Employees Retirement Association of Colorado bought a new stake in shares of Bloomin' Brands in the 4th quarter valued at approximately $118,000. New York State Teachers Retirement System bought a new stake in shares of Bloomin' Brands in the 3rd quarter valued at approximately $153,000. PNC Financial Services Group Inc. grew its stake in shares of Bloomin' Brands by 83.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 3,472 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Bloomin' Brands in the 3rd quarter valued at approximately $181,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Bloomin' Brands by 317.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,608 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 8,064 shares during the period.

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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.

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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