In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Bloomin’ Brands (NASDAQ: BLMN). The company’s shares opened today at $20.78.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 18.6% and a 69.7% success rate. Feinseth covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Southwest Airlines, and Starbucks Corp.
Bloomin’ Brands has an analyst consensus of Strong Buy, with a price target consensus of $27, implying a 29.9% upside from current levels. In a report released today, Raymond James also upgraded the stock to Buy with a $25 price target.
.
See today’s analyst top recommended stocks >>
Based on Bloomin’ Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $65.4 million. In comparison, last year the company had a net profit of $35.63 million.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Elizabeth A. Smith, the Chairman & CEO of BLMN sold 250,000 shares for a total of $6,150,500.
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.
