The current consensus rating on Bloomin' Brands (NASDAQ:BLMN) is Hold (Score: 2.22) with a consensus target price of $20.00 per share, a potential 11.86% upside. Whereas for the next year revenues are set at $4.33B by 13 analysts.
08/01/2016 - Bloomin' Brands had its "outperform" rating reiterated by analysts at BMO Capital Markets. (The) lowered shares of Bloomin' Brands from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock.in a research note on Thursday, January 19th.
Bloomin' Brands is suffering from an industry-wide slowdown, that many analysts fear could be the beginning of a restaurant recession.
Bloomin' Brands, Inc. (NASDAQ:BLMN)'s earnings per share has been growing at a -17.2 percent rate over the past 5 year when average revenue increase was noted as 2.1 percent. The EPS growth rate is projected at 8.51%. (NASDAQ:BLMN) in which JP Morgan Downgrades Bloomin' Brands, Inc.
Bloomin' Brands Inc (NASDAQ:BLMN) shares ended last trading session at the price of $17.09 whereas a number of traders indicating mean target price will hit $19.67 over the next twelve months, mean value of price target most recently revised on 02/21/17.
Bloomin' Brands has closed two Bonefish Grill and two Outback Steakhouse locations in the Houston area as part of a plan to close underperforming stores. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. They now have a $18.00 price target on the stock.
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Bloomin' Brands, Inc. (NASDAQ:BLMN) now has a consensus Price Target of $19.89. It is expected to reach $66.9 billion by 2020, said market-research company Technavio.
According to Zacks Investment Research, First Data Corporation has a Consensus Recommendation of 1.68. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA and worldwide copyright and trademark legislation. This is a boost from Bloomin' Brands's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, February 23rd. Bloomin' Brands's payout ratio is now 52.83%.
The latest Insider trade was made on 9 Feb 2017 where Kappitt (Michael) Officer did a transaction type "Buy" in which 6250 shares were traded at a price of $0. The firm owned 65,657 shares of the company's stock after buying an additional 100 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Bloomin' Brands during the second quarter worth approximately $42,232,000. New York State Teachers Retirement System raised its stake in shares of Bloomin' Brands by 3.1% in the fourth quarter.
Several analysts have released their opinion on Bloomin' Brands, Inc.
The company has four restaurants in the Fredericksburg region: an Outback Steakhouse in Stafford County and an Outback, a Carrabba's Italian Grill and a Bonefish Grill all in Fredericksburg's Central Park.
Hedge funds have recently modified their holdings of the stock. The Company owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries.