Bloomin Brands (BLMN) : Zacks Investment Research ranks Bloomin Brands (BLMN) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2, which indicates as a Buy.
Bloomin Brands (BLMN) : 6 investment research analysts covering Bloomin Brands (BLMN) have an average price target of $20.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $18 for the short term. Analysts expect the variance to be within $1.64 of the average price.
Bloomin Brands (NASDAQ:BLMN): After opening at $18.06, the stock dipped to an intraday low of $17.99 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.34 and the buying power remained strong till the end. The stock closed at $18.14 for the day, a gain of 0.11% for the day session. The total traded volume was 733,363. The stocks close on the previous trading day was $18.12.
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.