Analyst Rating Update on Bloomin Brands (BLMN)

Bloomin Brands (BLMN) : The consensus on Bloomin Brands (BLMN) based on 11 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Bloomin Brands (BLMN) : 7 investment research analysts covering Bloomin Brands (BLMN) have an average price target of $20.86 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $18 for the short term. Analysts expect the variance to be within $1.77 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.

Bloomin

Bloomin Brands (NASDAQ:BLMN): The stock opened at $17.84 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.36 for the day. The stock traded down to $17.84 during the day, due to lack of any buying support eventually closed down at $17.95 with a loss of -0.28% for the day. The stock had closed at $18.00 on the previous day. The total traded volume was 1,186,964 shares.

Bloomin Brands, Inc. is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concept: Outback Steakhouse, Carrabbas Italian Grill, Bonefish Grill and Flemings Prime Steakhouse & Wine Bar. As of December 28, 2014, the Company owned and operated 1,344 restaurants and franchised 166 restaurants across 48 states, Puerto Rico, Guam and 21 countries. The Companys business unit Bloomin Brands International is engaged in developing and operating its restaurants outside of the United States. Outback Steakhouse is a casual steakhouse restaurant focused on steaks, flavors and Australian decor. Carrabbas Italian Grill is a casual Italian restaurant. Bonefish Grill is a casual seafood restaurant, which offers grilled fish. Flemings Prime Steakhouse & Wine Bar is a steakhouse, which offers beef, seafood and pork and chicken entrees, accompanied by an assortment of salads and side dishes.

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