Piper Sandler analyst Brian Mullan reiterated a Hold rating on Bloomin’ Brands (BLMN – Research Report) today and set a price target of $26.00. The company’s shares closed last Friday at $23.63.
Mullan covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Dutch Bros Inc, and BJ’s Restaurants. According to TipRanks, Mullan has an average return of 9.5% and a 60.39% success rate on recommended stocks.
In addition to Piper Sandler, Bloomin’ Brands also received a Hold from Citi’s Jon Tower in a report issued on November 3. However, today, Barclays maintained a Buy rating on Bloomin’ Brands (NASDAQ: BLMN).
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Based on Bloomin’ Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.08 billion and a net profit of $44.53 million. In comparison, last year the company earned a revenue of $1.06 billion and had a net profit of $31.99 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.
Read More on BLMN:
- Bloomin’ Brands (NASDAQ:BLMN) Drops After Q3 U.S. Comparable Sales Disappoint
- Bloomin’ Brands sees Q4 adjusted EPS 64c-74c, consensus 78c
- Bloomin’ Brands cuts FY23 adjusted EPS view to $2.80-$2.90 from $2.91-$3.00
- Bloomin’ Brands reports Q3 combined U.S. comparable restaurant sales (0.5%)
- Bloomin’ Brands reports Q3 adjusted EPS 44c, consensus 43c
