Barclays Reaffirms Their Buy Rating on Bloomin’ Brands (BLMN)
Barclays analyst Jeff Bernstein maintained a Buy rating on Bloomin’ Brands (BLMN) on March 11 and set a price target of $26. The company’s shares closed yesterday at $20.26.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 7.7% and a 68.1% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.
Bloomin’ Brands has an analyst consensus of Moderate Buy, with a price target consensus of $22.25.
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Bloomin’ Brands’ market cap is currently $1.85B and has a P/E ratio of 18.07. The company has a Price to Book ratio of 40.44.
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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.