The Analyst Verdict: Bloomin Brands In The Eyes Of 7 Experts
Portfolio Pulse from Benzinga Insights
Over the past three months, 7 analysts have shared their evaluations of Bloomin Brands (NASDAQ:BLMN), revealing a range of outlooks from bullish to bearish. The average 12-month price target has decreased by 20.77% to $20.71. Analysts from firms like Citigroup, Deutsche Bank, and Barclays have lowered their ratings and price targets for BLMN, reflecting concerns about the company's recent performance and financial metrics.
August 19, 2024 | 12:00 pm
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Analysts have lowered their ratings and price targets for Bloomin Brands, with the average 12-month target dropping by 20.77% to $20.71. This reflects concerns about the company's recent performance, including a revenue decline of -2.93% and a high debt-to-equity ratio.
The lowering of ratings and price targets by multiple analysts indicates a negative sentiment towards Bloomin Brands. The company's recent financial performance, including a revenue decline and high debt-to-equity ratio, has likely contributed to this outlook. This is expected to have a short-term negative impact on the stock price.
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