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Fly News Breaks for February 18, 2016
BLMN
Feb 18, 2016 | 07:29 EDT
After Bloomin' Brands reported lower than expected same-store sales, Wells Fargo notes that the company's EPS came in slightly above expectations and calls the company's EBITDA "relatively resilient." The firm says the company's valuation is favorable, and says it will benefit from "much easier SSS comps" in Q3. Wells calls the company's 2016 EPS guidance "quite conservative" and keeps an Outperform rating.
News For BLMN From the Last 2 Days
BLMN
Apr 22, 2024 | 08:44 EDT
Raymond James raised the firm's price target on Brinker (EAT) to $54 from $50 and keeps a Strong Buy rating on the shares. The firm maintains a selective stance towards its restaurant coverage universe as industry sales have underwhelmed in recent months, causing Raymond James to increasingly favor stocks it view as having "idiosyncratic factors trading at attractive valuations," such as Brinker, Shake Shack (SHAK), First Watch (FWRG) and Bloomin' Brands (BLMN), the analyst tells investors in a group earnings preview note.
