Raymond James Increases Bloomin’ Brands Price Target to $30.00 (BLMN)
Equities research analysts at Raymond James increased their price objective on shares of Bloomin’ Brands (NASDAQ:BLMN) from $26.00 to $30.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. Raymond James’ price objective points to a potential upside of 14.46% from the company’s current price.
Bloomin’ Brands (NASDAQ:BLMN) traded down 4.08% on Wednesday, hitting $25.14. 1,622,995 shares of the company’s stock traded hands. Bloomin’ Brands has a 52-week low of $16.75 and a 52-week high of $27.27. The stock has a 50-day moving average of $22.94 and a 200-day moving average of $23.61. The company has a market cap of $3.113 billion and a P/E ratio of 19.89.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts predict that Bloomin’ Brands will post $1.26 earnings per share for the current fiscal year.
BLMN has been the subject of a number of other recent research reports. 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. 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Bloomin’ Brands currently has an average rating of “Buy” and a consensus target price of $26.73.
Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.
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