Wells Fargo Remains Bullish on Bloomin' Brands (BLMN)

Wells Fargo maintained an Outperform rating on Bloomin' Brands (NASDAQ: BLMN) with a price target of $28-$30. Comments follow Q4 results. Analyst Jeff Farmer tied lukewarm reaction in the stock to management's reluctance to provide color on SSS trends. In his view, concerns are overblown, and he thinks at a minimum SSS this quarter are keeping pace with the performance of the casual dining SSS index, which is 5%.

For an analyst ratings summary and ratings history on Bloomin' Brands click here. For more ratings news on Bloomin' Brands click here.

Shares of Bloomin' Brands closed at $25.45 yesterday.

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