Morgan Stanley analyst John Glass maintained a Hold rating on Bloomin’ Brands (BLMN) today and set a price target of $19.00. The company’s shares closed last Monday at $18.16.
According to TipRanks.com, Glass is a 4-star analyst with an average return of 11.3% and a 61.4% success rate. Glass 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 $20.86, which is a 16.5% upside from current levels. In a report issued on October 14, Deutsche Bank also downgraded the stock to Hold with a $21.00 price target.
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Bloomin’ Brands’ market cap is currently $1.57B and has a P/E ratio of 15.36. The company has a Price to Book ratio of 10.38.
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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.
