UBS Group Cuts Bloomin' Brands (NASDAQ:BLMN) Price Target to $8.50

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) had its price objective dropped by UBS Group from $13.00 to $8.50 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. UBS Group's target price indicates a potential upside of 16.44% from the company's previous close.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. cut their price objective on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Bank of America lowered Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. Barclays decreased their price target on Bloomin' Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets reduced their target price on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.75.

Bloomin' Brands Trading Down 0.4 %

Shares of Bloomin' Brands stock traded down $0.03 during trading hours on Monday, reaching $7.30. The stock had a trading volume of 3,526,678 shares, compared to its average volume of 2,007,656. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. Bloomin' Brands has a 1 year low of $6.09 and a 1 year high of $24.50. The firm has a market capitalization of $620.00 million, a price-to-earnings ratio of -66.36 and a beta of 1.30. The firm has a 50 day simple moving average of $7.85 and a two-hundred day simple moving average of $11.03.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the company posted $0.70 earnings per share. Bloomin' Brands's revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Bloomin' Brands will post 1.8 earnings per share for the current year.

Insider Transactions at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Bloomin' Brands in the fourth quarter worth $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin' Brands in the 4th quarter worth about $32,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin' Brands in the 4th quarter valued at about $41,000. New Age Alpha Advisors LLC bought a new stake in shares of Bloomin' Brands during the 4th quarter valued at about $45,000. Finally, GAMMA Investing LLC raised its stake in Bloomin' Brands by 606.6% during the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock worth $60,000 after acquiring an additional 4,198 shares during the period.

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.