Bank of America has revised its price target for Bloomin’ Brands (BLMN, Financial), reducing it from $9 to $8 while maintaining an Underperform rating on the stock. This adjustment is part of a broader reassessment involving over 20 companies in the restaurant sector under its coverage.
The re-evaluation includes not only price target revisions but also fine-tuning of company estimates to align with anticipated market changes and performance metrics. This comprehensive update is a segment of Bank of America's larger preview for the restaurant group's first quarter, reflecting shifts in market conditions and projected company performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Bloomin Brands Inc (BLMN, Financial) is $10.82 with a high estimate of $13.00 and a low estimate of $7.00. The average target implies an upside of 36.08% from the current price of $7.95. More detailed estimate data can be found on the Bloomin Brands Inc (BLMN) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Bloomin Brands Inc's (BLMN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bloomin Brands Inc (BLMN, Financial) in one year is $24.83, suggesting a upside of 212.33% from the current price of $7.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bloomin Brands Inc (BLMN) Summary page.
