Jefferies analyst Alexander Slagle maintained a Buy rating on Bloomin’ Brands (BLMN – Research Report) on June 13. The company’s shares closed last Friday at $17.07, close to its 52-week low of $15.89.
According to TipRanks.com, Slagle is a 4-star analyst with an average return of 4.9% and a 54.4% success rate. Slagle covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and BJ’s Restaurants.
Bloomin’ Brands has an analyst consensus of Strong Buy, with a price target consensus of $27.00, representing a 62.7% upside. In a report issued on June 9, Barclays also maintained a Buy rating on the stock with a $26.00 price target.
Based on Bloomin’ Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.14 billion and net profit of $75.51 million. In comparison, last year the company earned revenue of $987 million and had a net profit of $68.86 million.
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: