Brokerage Firm Rating Update on Bloomin Brands (BLMN)

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 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.1, which indicates as a Buy.

Bloomin Brands (BLMN) : The highest short term price target forecast on Bloomin Brands (BLMN) is $22 and the lowest target price is $18. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $20.5 with a standard deviation of $1.64.


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

Bloomin Brands (NASDAQ:BLMN): The stock opened at $19.64 and touched an intraday high of $19.885 on Wednesday. During the day, the stock corrected to an intraday low of $19.47, however, the bulls stepped in and pushed the price higher to close in the green at $19.85 with a gain of 0.66% for the day. The total traded volume for the day was 1,017,240. The stock had closed at $19.72 in the previous trading session.

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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