Jefferies analyst Alexander Slagle maintained a Buy rating on Bloomin’ Brands (BLMN – Research Report) on October 28 and set a price target of $35.00. The company’s shares closed last Friday at $23.46.
According to TipRanks, Slagle is a 4-star analyst with an average return of 8.8% and a 61.98% success rate. Slagle covers the Services sector, focusing on stocks such as Bloomin’ Brands, BJ’s Restaurants, and Brinker International.
Currently, the analyst consensus on Bloomin’ Brands is a Moderate Buy with an average price target of $26.83, representing a 14.36% upside. In a report released on October 28, Barclays also maintained a Buy rating on the stock with a $28.00 price target.
BLMN market cap is currently $2.09B and has a P/E ratio of 36.92.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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: