Bloomin' Brands Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:BLMN)
Bloomin' Brands (NASDAQ:BLMN) has earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $21.64.
A number of analysts have recently weighed in on BLMN shares. Analysts at Tigress Financial downgraded shares of Bloomin' Brands from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Zacks downgraded shares of Bloomin' Brands from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $15.40 price target on the stock. Finally, analysts at Williams Capital cut their price target on shares of Bloomin' Brands from $30.00 to $22.00 in a research note on Tuesday. They now have an “outperform” rating on the stock.
Bloomin' Brands (NASDAQ:BLMN) traded down 0.18% during mid-day trading on Friday, hitting $16.25. 147,212 shares of the company’s stock traded hands. Bloomin' Brands has a one year low of $15.01 and a one year high of $27.27. The stock’s 50-day moving average is $19.85 and its 200-day moving average is $22.09. The company has a market cap of $2.035 billion and a P/E ratio of 13.77.
Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, August 5th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Bloomin' Brands will post $1.08 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.