Bloomin’ Brands (BLMN) Gets a Buy Rating from Raymond James

In a report released today, Brian Vaccaro from Raymond James maintained a Buy rating on Bloomin’ Brands (BLMNResearch Report). The company’s shares closed last Thursday at $31.38.

According to TipRanks.com, Vaccaro is a 4-star analyst with an average return of 13.7% and a 55.2% 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 $29.50, representing a -1.7% downside. 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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Based on Bloomin’ Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $813 million and GAAP net loss of $14.21 million. In comparison, last year the company earned revenue of $1.02 billion and had a net profit of $28 million.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.