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Bloomin’ Brands (NASDAQ:BLMN) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Monday, reports. The firm currently has a $27.00 target price on the stock. Deutsche Bank’s price objective would indicate a potential upside of 20.27% from the stock’s previous close.

Shares of Bloomin’ Brands (NASDAQ:BLMN) traded up 2.85% during mid-day trading on Monday, hitting $23.09. 899,138 shares of the company’s stock traded hands. Bloomin’ Brands has a 52 week low of $20.03 and a 52 week high of $27.27. The stock has a 50-day moving average of $24.35 and a 200-day moving average of $23.87. The company has a market cap of $2.868 billion and a price-to-earnings ratio of 13.77.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 $1.22 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on BLMN. Analysts at Tigress Financial initiated coverage on shares of Bloomin’ Brands in a research note on Thursday. They set a “buy” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Bloomin’ Brands from $26.00 to $30.00 in a research note on Wednesday, February 26th. Finally, 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Bloomin’ Brands currently has an average rating of “Buy” and a consensus target price of $27.90.

Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.

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