Barclays lowered the firm’s price target on Bloomin’ Brands (BLMN) to $11 from $13 and keeps an Equal Weight rating on the shares. The company’s Q4 was in-line but the Q1 comp guidance is below Street estimates, the analyst tells investors in a research note.
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Read More on BLMN:
- Bloomin’ Brands Reports Q4 2024 Earnings and 2025 Outlook
- Morning Movers: TJX and Lowe’s gain following fourth quarter results
- Bloomin’ Brands sees Q1 adjusted EPS 55c-60c, consensus 68c
- Bloomin’ Brands reports Q4 adjusted EPS 38c, consensus 37c
- Bloomin’ Brands reports Q4 U.S. comparable restaurant sales down 1.1%
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