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Buckingham Research initiated coverage on shares of Bloomin' Brands (NASDAQ:BLMN) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

A number of other firms have also recently commented on BLMN. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bloomin' Brands in a research note on Tuesday, May 13th. They now have a $24.00 price target on the stock, down previously from $26.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Bloomin' Brands in a research note on Monday, May 12th. They now have a $30.00 price target on the stock, down previously from $31.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Bloomin' Brands in a research note on Monday, May 12th. They now have a $26.00 price target on the stock, down previously from $27.00. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $27.19.

Shares of Bloomin' Brands (NASDAQ:BLMN) opened at 21.70 on Friday. Bloomin' Brands has a 52-week low of $20.16 and a 52-week high of $27.27. The stock has a 50-day moving average of $21.48 and a 200-day moving average of $23.31. The company has a market cap of $2.703 billion and a P/E ratio of 13.83.

Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Friday, May 9th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Bloomin' Brands will post $1.22 EPS for the current fiscal year.

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

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