Bloomin' Brands (BLMN) Valuation Full - Deutsche Bank

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Deutsche Bank today maintained a Hold rating on Bloomin' Brands (NASDAQ: BLMN) with a modified price target of $18.00 (from $16.00). While the company continues to execute, analysts see valuation as full.

"BLMN continues to execute well on many fronts," said analysts. "Comps remain above peer avg’s (helped by unique structural opportunities such as lunch and remodels) and cost savings initiatives should continue to benefit margins. However, given the recent weak sales trends for casual dining chains, earnings visibility for that entire group is very low."

For an analyst ratings summary and ratings history on Bloomin' Brands (NASDAQ: BLMN) click here. For more ratings news on Bloomin' Brands click here.

Shares of Bloomin' Brands closed at $17.67 yesterday, with a 52 week range of $11.57-$18.99.

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