Wire
BofA Securities Adjusts Bloomin' Brands Price Target to $7.90 From $7.20
BofA Securities Adjusts Bloomin' Brands Price Target to $7.90 From $7.20
$BLMN
$BLMN
3 stories mentioning BLMNUpdated 21d ago
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Wire
Bloomin' Brands Shares Rise After Q1 Adjusted Earnings, Revenue Climb
Bloomin' Brands (BLMN) shares rose 44% in Wednesday trading after the company reported higher adjusted earnings and revenue for Q1 and also gave upbeat outlook for Q2.Bloomin' Brands reported Q1 adjusted earnings of $0.67 per diluted share, compared with $0.59 from a year earlier.Analysts polled by FactSet expected $0.57.Revenue for the quarter was $1.06 billion, up from $1.05 billion a year ago.Analysts surveyed by FactSet expected $1.04 billion.For Q2, the company expects adjusted earnings of $0.27 to $0.32 per share. Analysts expect $0.23.The company also reaffirmed its full-year financial outlook given in its Feb. 25 earnings release.Price: $8.37, Change: $+2.61, Percent Change: +45.31%
$BLMN
Research
JPMorgan Downgrades Bloomin' Brands to Underweight From Neutral, Price Target is $6
Bloomin' Brands (BLMN) has an average rating of hold and mean price target of $7.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
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