J.P. Morgan analyst John Ivankoe maintains $Bloomin Brands (BLMN.US)$ with a hold rating, and adjusts the target price from $19 to $14.
According to TipRanks data, the analyst has a success rate of 64.0% and a total average return of 12.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bloomin Brands (BLMN.US)$'s main analysts recently are as follows:
Bloomin' Brands' operational performance continues to face significant challenges, and the question of whether the company has reached a financial turning point under new leadership remains to be seen. Investors are anticipating a strategic update in the upcoming quarter. Despite the challenges, the company's current valuation suggests that novel strategies could potentially serve as a turning point.
Bloomin' Brands' third-quarter comparable sales, margins, and adjusted EBITDA fell short of expectations, according to an analyst.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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