Jefferies Thinks Bloomin’ Brands’ Stock is Going to Recover

In a report issued on December 17, Andy Barish from Jefferies maintained a Buy rating on Bloomin’ Brands (BLMNResearch Report), with a price target of $35.00. The company’s shares closed last Monday at $19.11, close to its 52-week low of $17.29.

According to, Barish is a 5-star analyst with an average return of 10.6% and a 57.0% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, First Watch Restaurant Group, and Brinker International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloomin’ Brands with a $29.67 average price target, a 54.8% upside from current levels. In a report issued on December 15, Barclays also maintained a Buy rating on the stock with a $26.00 price target.

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Bloomin’ Brands’ market cap is currently $1.75B and has a P/E ratio of 15.21.

Based on the recent corporate insider activity of 28 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.

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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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