Bloomin’ Brands (BLMN) Upgraded by BidaskClub to “Buy”
Bloomin’ Brands (NASDAQ:BLMN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
Other analysts have also issued research reports about the company. Barclays upped their price objective on Bloomin’ Brands from $28.00 to $29.00 and gave the company a “$21.25” rating in a report on Wednesday, July 18th. Gordon Haskett initiated coverage on Bloomin’ Brands in a report on Thursday, October 18th. They issued a “buy” rating and a $23.00 price objective for the company. TheStreet lowered Bloomin’ Brands from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Zacks Investment Research upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Finally, ValuEngine upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.22.
BLMN stock traded down $0.06 during trading on Tuesday, reaching $21.82. 23,373 shares of the company’s stock were exchanged, compared to its average volume of 1,307,718. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.32 and a current ratio of 0.37. Bloomin’ Brands has a 1-year low of $16.30 and a 1-year high of $25.00. The firm has a market capitalization of $1.98 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.56 and a beta of 0.24.
In other news, Director Mindy F. Grossman sold 8,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $20.96, for a total transaction of $167,680.00. Following the sale, the director now directly owns 9,790 shares of the company’s stock, valued at $205,198.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Peter Schmidt sold 3,500 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $19.17, for a total value of $67,095.00. Following the sale, the executive vice president now directly owns 4,828 shares in the company, valued at $92,552.76. The disclosure for this sale can be found here. Insiders have sold 19,081 shares of company stock worth $386,395 over the last ninety days. 7.47% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in Bloomin’ Brands during the second quarter valued at $149,000. Royal Bank of Canada raised its position in Bloomin’ Brands by 48.3% during the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock valued at $201,000 after buying an additional 2,693 shares during the period. LPL Financial LLC acquired a new position in Bloomin’ Brands during the first quarter valued at $230,000. CSat Investment Advisory L.P. acquired a new position in Bloomin’ Brands during the second quarter valued at $292,000. Finally, Commonwealth Bank of Australia acquired a new position in Bloomin’ Brands during the third quarter valued at $298,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
Bloomin’ Brands Company Profile
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.
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