What 8 Analyst Ratings Have To Say About Bloomin Brands
Portfolio Pulse from Benzinga Insights
Over the past three months, 8 analysts have provided diverse ratings for Bloomin Brands (NASDAQ:BLMN), with recent shifts in sentiment. The average 12-month price target is now $27.25, down from $27.86. Analysts from firms like JP Morgan, Raymond James, Barclays, BMO Capital, Piper Sandler, and UBS have updated their ratings and price targets. Bloomin Brands operates casual dining restaurants and has shown revenue growth and strong ROE and ROA, but faces debt management challenges with a high debt-to-equity ratio.
January 23, 2024 | 3:00 pm
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NEGATIVE IMPACT
Analysts have mixed opinions on BLMN, with recent price target adjustments. The average price target has decreased slightly, indicating a potential negative sentiment in the short term.
The decrease in the average price target suggests that analysts are slightly less optimistic about BLMN's future stock performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations. The diverse ratings indicate uncertainty, which may also contribute to volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100