Bloomin Brands (BLMN) : Traders are bullish on Bloomin Brands (BLMN) as it has outperformed the S&P 500 by a wide margin of 2.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.99% in the last 1 week, and is up 3.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 3.07%. Bloomin Brands (NASDAQ:BLMN): stock turned positive on Friday. Though the stock opened at $18.97, the bulls momentum made the stock top out at $19.06 level for the day. The stock recorded a low of $18.8 and closed the trading day at $18.97, in the green by 0.26%. The total traded volume for the day was 1,167,735. The stock had closed at $18.92 in the previous days trading.
The company Insiders own 6.68% of Bloomin Brands shares according to the proxy statements. Institutional Investors own 96.36% of Bloomin Brands shares. Also, Equity analysts at the Brokerage firm Tigress Financial upgrades its rating on Bloomin Brands (NASDAQ:BLMN). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 25, 2016.
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.