Barclays analyst Jeff Bernstein maintains $Bloomin Brands (BLMN.US)$ with a buy rating, and adjusts the target price from $22 to $20.
According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 5.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bloomin Brands (BLMN.US)$'s main analysts recently are as follows:
The firm is modifying its price targets across the restaurant industry coverage to account for estimate revisions and increased market multiples in anticipation of the upcoming third-quarter reports from the sector.
Bloomin' Brands' performance at the beginning of the third quarter showed a softening in comparable sales, which later found stability albeit at reduced levels. All segments of the restaurant group face exposure to the lower-income consumer base; however, the quick service segment has seen efficacy in its value-oriented initiatives. Moreover, there has been a noted moderation in the effects of inflation and pricing pressures.
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