Shares of Bloomin' Brands were gaining 4.2% to $21.29 in morning trading.
The analyst firm also raised its EPS estimates for the restaurant operator through 2015. Barclays raised its 2014 EPS estimates for Bloomin' Brands to $1.09 a share from its previous estimates of $1.07 a share for the year. The firm raised its full year 2015 earnings estimates to $1.22 a share from $1.20 a share.
Barclays analyst Jeffrey A. Bernstein wrote that "we believe the BLMN fundamental pillars are outsized over peers, with comp and unit growth among the tops in the industry."
Separately, TheStreet Ratings team rates BLOOMIN' BRANDS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLOOMIN' BRANDS INC (BLMN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins."
You can view the full analysis from the report here: BLMN Ratings Report