Raymond James analyst Brian Vaccaro assigned a Buy rating to Bloomin’ Brands (BLMN) today. The company’s shares closed last Thursday at $24.15.
According to TipRanks.com, Vaccaro is a 4-star analyst with an average return of 9.9% and a 53.5% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Brinker International.
Currently, the analyst consensus on Bloomin’ Brands is a Moderate Buy with an average price target of $22.67.
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Based on Bloomin’ Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $771 million and GAAP net loss of $17.64 million. In comparison, last year the company earned revenue of $967 million and had a net profit of $9.25 million.
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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.
