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
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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.
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Publish date : 2024-08-06 20:32:00
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