Bloomin’ Brands (BLMN) Gets a Hold from Bank of America Securities

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Bank of America Securities analyst Sara Senatore maintained a Hold rating on Bloomin’ Brands (BLMN – Research Report) today. The company’s shares opened today at $16.39.

According to TipRanks, Senatore is a 4-star analyst with an average return of 7.4% and a 57.55% success rate. Senatore covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Chipotle, and Darden Restaurants.

In addition to Bank of America Securities, Bloomin’ Brands also received a Hold from Morgan Stanley’s Brian Harbour in a report issued yesterday. However, today, Barclays maintained a Buy rating on Bloomin’ Brands (NASDAQ: BLMN).

The company has a one-year high of $30.13 and a one-year low of $15.14. Currently, Bloomin’ Brands has an average volume of 1.48M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLMN in relation to earlier this year. Most recently, in August 2024, Julie T. Kunkel, a Director at BLMN bought 1,000.00 shares for a total of $15,650.00.

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.

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Bloomin’ Brands (BLMN) Gets a Hold from Bank of America Securities

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