Bloomin’ Brands Inc (NASDAQ:BLMN) price target lowered to $23.00 by Bank of America

ME Staff
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Analyst Ratings For Bloomin’ Brands Inc (NASDAQ:BLMN)

Today, Bank of America lowered its price target on Bloomin’ Brands Inc (NASDAQ:BLMN) to $23.00 per share.

There are 7 Hold Ratings, 4 Buy Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Bloomin’ Brands Inc (NASDAQ:BLMN) is Hold with a consensus target price of $24.00 per share, a potential 25.52% upside.

Some recent analyst ratings include

  • 7/17/2018-Raymond James Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
  • 3/2/2018-Deutsche Bank Upgrade from a “Hold ” rating to a ” Buy” rating.

Recent Insider Trading Activity For Bloomin’ Brands Inc (NASDAQ:BLMN)
Bloomin’ Brands Inc (NASDAQ:BLMN) has insider ownership of 7.47% and institutional ownership of 95.25%.

  • On 6/25/2018 Elizabeth A Smith, Chairman, sold 68,222 with an average share price of $22.12 per share and the total transaction amounting to $1,509,070.64.
  • On 6/22/2018 Elizabeth A Smith, CEO, sold 66,022 with an average share price of $22.12 per share and the total transaction amounting to $1,460,406.64.
  • On 6/20/2018 Elizabeth A Smith, CEO, sold 100,000 with an average share price of $22.09 per share and the total transaction amounting to $2,209,000.00.
  • On 6/18/2018 Elizabeth A Smith, Chairman, sold 200,000 with an average share price of $22.28 per share and the total transaction amounting to $4,456,000.00.
  • On 6/15/2018 Elizabeth A Smith, CEO, sold 100,000 with an average share price of $22.18 per share and the total transaction amounting to $2,218,000.00.
  • On 5/3/2018 David J Deno, EVP, sold 16,956 with an average share price of $24.50 per share and the total transaction amounting to $415,422.00.
  • On 5/2/2018 Elizabeth A Smith, CEO, sold 150,000 with an average share price of $24.69 per share and the total transaction amounting to $3,703,500.00.

About Bloomin’ Brands Inc (NASDAQ:BLMN)
Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of December 31, 2017, the company owned and operated 1,075 restaurants and franchised 165 restaurants. Bloomin' Brands, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.

Recent Trading Activity for Bloomin’ Brands Inc (NASDAQ:BLMN)
Shares of Bloomin’ Brands Inc closed the previous trading session at 19,06 −0,45 2,31 % with shares trading hands.