Bank of America Lowers Bloomin' Brands Price Target to $8 Ahead of Q1 Forecasts

Bank of America has reduced its price target for Bloomin' Brands (BLMN) from $9 to $8, maintaining an Underperform rating. The company's Q1 forecast is expected to reflect market changes and performance metrics. Analysts' average target price is $10.82, with a high estimate of $13.00 and a low estimate of $7.00, indicating a potential upside of 36.08%.

Bank of America has adjusted its price target for Bloomin' Brands (BLMN) from $9 to $8, while maintaining an Underperform rating. This revision is part of a broader reassessment of over 20 companies in the restaurant sector under its coverage. The reassessment includes price target revisions and fine-tuning of company estimates to align with anticipated market changes and performance metrics.

The Q1 forecast for Bloomin' Brands is expected to reflect these shifts in market conditions and projected company performance. Analysts' average target price for Bloomin' Brands is $10.82, with a high estimate of $13.00 and a low estimate of $7.00, indicating a potential upside of 36.08% from the current price of $7.95.

Based on the consensus recommendation from 13 brokerage firms, Bloomin' Brands' average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Sell.

According to GuruFocus estimates, the estimated GF Value for Bloomin' Brands in one year is $24.83, suggesting an upside of 212.33% from the current price of $7.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at, calculated based on historical multiples and future estimates of business performance.

References:

[1] https://www.gurufocus.com/news/2790803/bofa-lowers-price-target-for-bloomin-brands-blmn-ahead-of-q1-forecasts--blmn-stock-news
[2] https://www.marketbeat.com/instant-alerts/barclays-lowers-bloomin-brands-nasdaqblmn-price-target-to-900-2025-04-22/
[3] https://www.marketscreener.com/quote/stock/BLOOMIN-BRANDS-INC-11216530/news/BofA-Adjusts-Price-Target-on-Bloomin-Brands-to-8-From-9-Maintains-Underperform-Rating-49666997/