Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Bloomin’ Brands (BLMN) to $7 from $9 and keeps an Equal Weight rating on the shares. Q2 results were “in-line top to bottom,” but Q3 EPS guidance came in below the Street with no sign of comp acceleration despite momentum in Q2 and 2025 EPS guidance was “tempered again,” the analyst tells investors. Sustained fundamental improvements are “critical for the shares to see support,” the analyst added.
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Read More on BLMN:
- Correction: Bloomin’ Brands lowers FY25 adjusted EPS view to $1.00-$1.10
- Bloomin’ Brands lowers FY25 adjusted EPS view to $1.00-$1.10, consensus $1.23
- Bloomin’ Brands reports Q2 adjusted EPS 32c, consensus 29c
- Bloomin’ Brands reaffirms FY25 radjusted EPS view $1.00-$1.10, consensus $1.23
- Bloomin’ Brands sees Q3 adjusted EPS (15c)-(10c), consensus 5c