Bloomin’ Brands (NASDAQ:BLMN)‘s stock had its “buy” rating restated by investment analysts at Tigress Financial in a note issued to investors on Thursday, April 18th, AnalystRatings.com reports.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. BidaskClub cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of Bloomin’ Brands from a “c+” rating to a “b” rating in a research report on Friday, February 15th. Finally, William Blair upgraded shares of Bloomin’ Brands from a “market perform” rating to an “outperform” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.67.
Shares of BLMN stock traded up $0.25 during mid-day trading on Thursday, reaching $20.14. The company’s stock had a trading volume of 857,244 shares, compared to its average volume of 1,206,074. Bloomin’ Brands has a 1-year low of $17.08 and a 1-year high of $24.03. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.26 and a beta of 0.30. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.33 and a current ratio of 0.30.
In other Bloomin’ Brands news, insider Elizabeth A. Smith sold 116,318 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $19.99, for a total value of $2,325,196.82. Following the completion of the sale, the insider now owns 411,733 shares in the company, valued at approximately $8,230,542.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Elizabeth A. Smith sold 65,486 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $20.00, for a total transaction of $1,309,720.00. Following the completion of the sale, the chairman now owns 411,733 shares of the company’s stock, valued at approximately $8,234,660. The disclosure for this sale can be found here. Company insiders own 4.39% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new position in shares of Bloomin’ Brands in the 1st quarter valued at about $27,000. Advisor Group Inc. boosted its stake in shares of Bloomin’ Brands by 72.0% in the 4th quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 1,353 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $60,000. New York State Teachers Retirement System bought a new position in shares of Bloomin’ Brands in the 1st quarter valued at about $70,000. Finally, Pearl River Capital LLC boosted its stake in shares of Bloomin’ Brands by 1,085.2% in the 1st quarter. Pearl River Capital LLC now owns 6,578 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 6,023 shares during the last quarter. 95.76% of the stock is currently owned by institutional investors.
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.
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