BMO Capital Remains a Buy on Bloomin’ Brands (BLMN)

BMO Capital analyst Andrew Strelzik reiterated a Buy rating on Bloomin’ Brands (BLMN) today and set a price target of $35.00. The company’s shares closed last Friday at $32.60.

According to, Strelzik is a 4-star analyst with an average return of 10.5% and a 69.2% success rate. Strelzik covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Papa John’s International, and Brinker International.

Currently, the analyst consensus on Bloomin’ Brands is a Moderate Buy with an average price target of $32.14, representing a 2.0% upside. In a report issued on April 19, Barclays also maintained a Buy rating on the stock with a $32.00 price target.

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The company has a one-year high of $32.45 and a one-year low of $8.37. Currently, Bloomin’ Brands has an average volume of 2.04M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLMN in relation to earlier this year. Most recently, in February 2021, Elizabeth A. Smith, a Director at BLMN sold 150,000 shares for a total of $3,919,500.

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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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