Bloomin’ Brands (NASDAQ:BLMN) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

BLMN has been the subject of a number of other research reports. Barclays lowered their target price on shares of Bloomin’ Brands from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, November 29th. Gordon Haskett assumed coverage on shares of Bloomin’ Brands in a research note on Thursday, October 18th. They set a “buy” rating and a $23.00 target price for the company. Goldman Sachs Group upgraded shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $18.00 target price for the company in a research note on Tuesday, September 11th. ValuEngine upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, TheStreet downgraded shares of Bloomin’ Brands from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.78.

NASDAQ:BLMN opened at $19.25 on Tuesday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.22. The company has a debt-to-equity ratio of 18.69, a current ratio of 0.37 and a quick ratio of 0.29. Bloomin’ Brands has a 52 week low of $17.97 and a 52 week high of $25.00.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $965.17 million. Bloomin’ Brands had a net margin of 2.68% and a return on equity of 196.28%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, sell-side analysts anticipate that Bloomin’ Brands will post 1.46 earnings per share for the current fiscal year.

In other Bloomin’ Brands news, EVP Donagh Herlihy sold 7,581 shares of the company’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $20.00, for a total value of $151,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mindy F. Grossman sold 8,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $20.96, for a total transaction of $167,680.00. Following the completion of the transaction, the director now owns 9,790 shares of the company’s stock, valued at approximately $205,198.40. The disclosure for this sale can be found here. Insiders own 7.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC boosted its stake in Bloomin’ Brands by 5.9% in the third quarter. Stone Ridge Asset Management LLC now owns 42,747 shares of the restaurant operator’s stock valued at $846,000 after acquiring an additional 2,399 shares in the last quarter. Royal Bank of Canada boosted its stake in Bloomin’ Brands by 48.3% in the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock valued at $201,000 after acquiring an additional 2,693 shares in the last quarter. Flippin Bruce & Porter Inc. boosted its stake in Bloomin’ Brands by 4.1% in the third quarter. Flippin Bruce & Porter Inc. now owns 72,128 shares of the restaurant operator’s stock valued at $1,427,000 after acquiring an additional 2,825 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Bloomin’ Brands by 3.3% in the second quarter. GSA Capital Partners LLP now owns 94,948 shares of the restaurant operator’s stock valued at $1,908,000 after acquiring an additional 3,063 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Bloomin’ Brands by 4.1% in the second quarter. Macquarie Group Ltd. now owns 79,000 shares of the restaurant operator’s stock valued at $1,588,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors own 95.57% of the company’s stock.

About Bloomin’ Brands

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Read More: Why is the LIBOR significant?

Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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.