Bloomin Brands (BLMN) has an average broker rating of 2, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Bloomin Brands (BLMN) : Currently there are 7 street experts covering Bloomin Brands (BLMN) stock. The most bullish and bearish price target for the stock is $23 and $18 respectively for the short term. The average price target of all the analysts comes to $21. The estimated standard deviation from the target is $1.91.
For the current week, the company shares have a recommendation consensus of Buy.
Bloomin Brands (NASDAQ:BLMN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.18 and $18.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.59, notching a gain of 3.28% for the day. The total traded volume was 1,306,837 . The stock had closed at $18.00 on the previous day.
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.