Bank of America Securities Reaffirms Their Hold Rating on Bloomin’ Brands (BLMN)

[ad_1]

In a report released today, Sara Senatore from Bank of America Securities maintained a Hold rating on Bloomin’ Brands (BLMN – Research Report). The company’s shares closed yesterday at $16.98.

Senatore covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Darden Restaurants, and First Watch Restaurant Group. According to TipRanks, Senatore has an average return of 5.4% and a 48.72% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloomin’ Brands with a $24.33 average price target, representing a 43.29% upside. In a report released today, BMO Capital also assigned a Hold rating to the stock with a $20.00 price target.

Based on Bloomin’ Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.2 billion and a GAAP net loss of $83.87 million. In comparison, last year the company earned a revenue of $1.24 billion and had a net profit of $91.31 million

TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.

Bloomin’ Brands (BLMN) Company Description:

Bloomin’ Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the following segments: U.S. and International. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba’s Italian Grill. Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in October 2006 and is headquartered in Tampa, FL.

[ad_1]

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66b3f49d535e4c78a31af28d11d70e02&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fstocks%2Fbank-of-america-securities-reaffirms-their-hold-rating-on-bloomin-brands-blmn-1033654871&c=4619817114137120958&mkt=en-us Author : Publish date : 2024-08-06 20:32:00 Copyright for syndicated content belongs to the linked Source .

Bank of America Securities Reaffirms Their Hold Rating on Bloomin’ Brands (BLMN)

Your Olympics daily digest: What to watch on Wednesday

I want to shock the world – Matthew Hudson-Smith vows to build on Olympic silver

I want to shock the world – Matthew Hudson-Smith vows to build on Olympic silver

US Troops Intensify Combat Drills in Panama as Venezuela Tensions Escalate

Epic Clash: Brazil and Paraguay Set for an Unforgettable Showdown!

Alarm Bells Ring: DENV-3 Raises Fears of Widespread Dengue Outbreaks in the Americas

Bad Bunny’s Daring Leap: Bringing Puerto Rico to the Super Bowl Spotlight!

Suriname Triumphs: A Historic Victory as the Nation is Declared Malaria-Free!

Heartbreaking Drone Strike: Were Two Trinidadians Victims of a U.S. Attack Near Venezuela?

Don’t Miss a Moment: Stream the Thrilling Uruguay vs. Peru Showdown in the Copa America Femenina Today!

Discovering the Untold Story: The 50-Year Quest for the U.S. Purchase of the Virgin Islands

Lawmakers Demand War Powers Vote as Tensions Rise Over Trump’s Venezuela Threat

Alabama’s Automakers Prepare for Trump’s Tariffs: A Bold New Strategy Unfolds!

Categories

Archives