Bloomin’ Brands (NASDAQ:BLMN) Reaches New 52-Week Low – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares reached a new 52-week low on Thursday . The company traded as low as $10.88 and last traded at $11.09, with a volume of 643823 shares trading hands. The stock had previously closed at $11.56.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLMN. UBS Group decreased their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $18.00 to $13.00 in a report on Monday, January 27th. StockNews.com cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Barclays reaffirmed an “equal weight” rating and issued a $13.00 price target (down from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.30.

Bloomin’ Brands Stock Down 2.3 %

The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a market capitalization of $958.10 million, a P/E ratio of -102.65 and a beta of 1.97. The stock’s fifty day moving average is $12.17 and its two-hundred day moving average is $14.80.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in Bloomin’ Brands in the 3rd quarter worth about $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands in the fourth quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in shares of Bloomin’ Brands in the fourth quarter worth approximately $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin’ Brands during the fourth quarter valued at approximately $45,000. Finally, KBC Group NV raised its stake in Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,489 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.