Piper Sandler analyst Brian Mullan maintains $Bloomin Brands (BLMN.US)$ with a hold rating, and adjusts the target price from $26 to $16.
According to TipRanks data, the analyst has a success rate of 67.6% and a total average return of 15.8% 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 company's third-quarter comparable sales, margin, and adjusted EBITDA fell short of expectations.
Bloomin' Brands' comparable sales and restaurant-level margins were reported to be lighter, with earnings per share aligning with expectations. However, a notable reduction in the fourth-quarter forecast is attributed to ongoing weaknesses.
Note:
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