Bloomin’ Brands Given Average Recommendation of “Buy” by Analysts (NASDAQ:BLMN)
Shares of Bloomin’ Brands (NASDAQ:BLMN) have been given an average recommendation of “Buy” by the twelve analysts that are currently covering the stock, Analyst Ratings.Net reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.26.
Bloomin’ Brands (NASDAQ:BLMN) traded up 1.45% during mid-day trading on Friday, hitting $23.02. 370,261 shares of the company’s stock traded hands. Bloomin’ Brands has a 52-week low of $16.65 and a 52-week high of $27.27. The stock has a 50-day moving average of $22.91 and a 200-day moving average of $23.65. The company has a market cap of $2.850 billion and a P/E ratio of 17.22.
A number of research firms have recently commented on BLMN. Analysts at Raymond James upgraded shares of Bloomin’ Brands from an “outperform” rating to a “strong-buy” rating in a research note on Monday, February 10th. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 21st. They now have a $26.00 price target on the stock, up previously from $25.00. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Bloomin’ Brands in a research note on Monday. They now have a “buy” rating and a $27.00 price target on the stock.
Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.
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