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BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

08:33
05/24/19
05/24
08:33
05/24/19
08:33

Guggenheim upgrades Bloomin' Brands to Buy on turnaround potential

As previously reported, Guggenheim analyst Matthew DiFrisco proceeding with Bloomin' Brands to Buy from Neutral, stating that he sees the company being in the early innings of a turnaround following consecutive quarters of improving margins and free cash flow. Based on his recent talks with management, DiFrisco said he has have the most confidence in efficiencies yet to be realized from improving kitchen operations and supply chain advancements. He also believes ongoing sales drivers, margin opportunities and the company's "dry powder" for either buybacks or marketing outweigh recent commodity concerns. He set a $25 price target on Bloomin' shares.

BLMN Bloomin' Brands
$18.22

-1.98 (-9.80%)

04/18/19
TIGR
04/18/19
NO CHANGE
TIGR
Buy
Bloomin' Brands benefiting from strong consumer spending, says Tigress Financial
Tigress Financial analyst Ivan Feinseth keeps his Buy rating on Bloomin' Brands, saying the company "continues to benefit from the strong consumer spending environment and positive casual dining trends." The analyst believes that the company's growth initiatives should also accelerate its performance this year as it focuses on in-home dining and leverages its rewards program.
05/23/19
BMOC
05/23/19
DOWNGRADE
Target $18
BMOC
Underperform
Bloomin' Brands downgraded to Underperform from Market Perform at BMO Capital
BMO Capital analyst Andrew Strelzik downgraded Bloomin' Brands (BLMN) to Underperform from Market Perform and lowered his price target for the shares to $18 from $23. African Swine Fever will likely create a "meaningful, multi-year upswing" in protein prices, and Bloomin' is among the restaurants most at risk, Strelzik tells investors in a research note. He believes margin pressure from African Swine Fever creates downside risk to earnings and notes that his 2020 earnings estimates for the company are nearly 10% below consensus. Strelzik also downgraded Chipotle Mexican Grill (CMG) to Underperform this morning for a similar rationale.
05/23/19
05/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) downgraded to Neutral from Buy at Mizuho with analyst Vijay Rakesh saying he is moving to the sidelines given the "uncertainty" with Judge Koh's Federal Trade Commission ruling on Qualcomm. 2. Chipotle (CMG) and Bloomin' Brands (BLMN) downgraded to Underperform from Market Perform at BMO Capital. 3. Sasol (SSL) downgraded to Neutral from Buy at Citi and to Neutral from Overweight at JPMorgan. 4. Expedia (EXPE) downgraded to Neutral from Buy at Citi with analyst Mark May saying Vrbo's growth has "disappointed and slowed meaningfully," and this could weight on Expedia's overall growth. 5. NetApp (NTAP) downgraded to Buy from Conviction Buy at Goldman Sachs and to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
GUGG
05/24/19
UPGRADE
GUGG
Buy
Bloomin' Brands upgraded to Buy from Neutral at Guggenheim

TODAY'S FREE FLY STORIES

MDR

McDermott

$7.71

0.09 (1.18%)

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FITB

Fifth Third

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0.64 (2.37%)

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JBL

Jabil

$27.45

0.655 (2.44%)

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Options
Jabil Circuit options imply 11.0% move in share price post-earnings, above median historical move »

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FOMC forecast preview: »

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APC

Anadarko

$70.00

0.21 (0.30%)

14:52
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SSP

E.W. Scripps

$15.02

0.01 (0.07%)

, CBS

CBS

$49.38

0.22 (0.45%)

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E.W. Scripps

$15.02

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CBS

CBS

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Fox Corp.

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FOX

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TGNA

Tegna

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SBGI

Sinclair Broadcast

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Nexstar

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MDP

Meredith

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0.88 (1.69%)

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WFC

Wells Fargo

$46.25

0.99 (2.19%)

, GS

Goldman Sachs

$195.72

4.98 (2.61%)

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Wells Fargo

$46.25

0.99 (2.19%)

GS

Goldman Sachs

$195.72

4.98 (2.61%)

JPM

JPMorgan

$111.21

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BAC

Bank of America

$28.72

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BCS

Barclays

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C

Citi

$68.12

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RY

Royal Bank of Canada

$78.69

1.45 (1.88%)

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ADBE

Adobe

$278.26

2.67 (0.97%)

14:49
06/18/19
06/18
14:49
06/18/19
14:49
Options
Adobe options imply 5.9% move in share price post-earnings, above median historical move »

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  • 18

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RARX

RA Pharmaceuticals

$22.36

-0.38 (-1.67%)

14:48
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14:48
Recommendations
RA Pharmaceuticals analyst commentary  »

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  • 18

    Jun

FITB

Fifth Third

$27.53

0.58 (2.15%)

14:46
06/18/19
06/18
14:46
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14:46
Hot Stocks
Fifth Third boosts quarterly dividend 9% to 24c »

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MAS

Masco

$38.12

0.22 (0.58%)

14:42
06/18/19
06/18
14:42
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14:42
Recommendations
Masco analyst commentary  »

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SKX

Skechers

$31.69

0.82 (2.66%)

14:25
06/18/19
06/18
14:25
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14:25
Options
Skechers call volume above normal and directionally bullish »

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PLT

Poly

$44.03

0.98 (2.28%)

14:25
06/18/19
06/18
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14:25
Conference/Events
Poly participates in an investor webinar with Northland Capital Markets »

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Conference/Events
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GIII

G-III Apparel

$26.38

0.71 (2.77%)

14:18
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G-III Apparel up 6% after CEO buys over $1M worth of shares »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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DPW

DPW Holdings

$0.14

-0.003 (-2.13%)

14:15
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Breaking Hot Stocks news story on DPW Holdings  »

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  • 02

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.33

2.87 (0.99%)

14:06
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Periodicals
USTR says China tariffs only recourse given dialogue has failed, Reuters says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$292.33

2.87 (0.99%)

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ARWR

Arrowhead

$27.10

0.67 (2.54%)

14:05
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Options
Arrowhead call volume above normal and directionally bullish »

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  • 18

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DPW

DPW Holdings

$0.14

-0.003 (-2.13%)

14:01
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  • 02

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CMCSA

Comcast

$43.10

0.54 (1.27%)

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Charter

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2.64 (0.67%)

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CMCSA

Comcast

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CHTR

Charter

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2.64 (0.67%)

CMCSK

Comcast

$0.00

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CVS

CVS Health

$54.84

0.32 (0.59%)

13:55
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Conference/Events
CVS Health participates in a conference call with JPMorgan »

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GOOG

Alphabet

$1,107.00

14.75 (1.35%)

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Alphabet Class A

$1,110.00

17.29 (1.58%)

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Google tells Bloomberg issues with calendar resolved »

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GOOG

Alphabet

$1,107.00

14.75 (1.35%)

GOOGL

Alphabet Class A

$1,110.00

17.29 (1.58%)

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NVO

Novo Nordisk

$52.19

1.19 (2.33%)

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Novo Nordisk sNDA for expanded Victoza age range approved by FDA »

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