Bloomin' Brands Inc (BLMN) is Upgraded by Credit Suisse to Outperform

Bloomin' Brands Inc (BLMN) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Bloomin' Brands Inc. Bloomin' Brands Inc was Upgraded by Credit Suisse to ” Outperform” on Apr 11, 2016.

On the company’s financial health, Bloomin' Brands Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.29. The company had revenue of $1049.30 million for the quarter, compared to analysts expectations of $1061.09 million. The company’s revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Bloomin' Brands Inc opened for trading at $17.77 and hit $17.97 on the upside on Monday, eventually ending the session at $17.69, with a gain of 3.33% or 0.57 points. The heightened volatility saw the trading volume jump to 22,06,382 shares. Company has a market cap of $2,111 M.

In a different news, on Mar 9, 2016, Chris Thomas Sullivan (director) sold 12,300 shares at $18.01 per share price. According to the SEC, on Nov 19, 2015, David J. Deno (EVP & CFAO) purchased 15,135 shares at $16.58 per share price. On May 14, 2015, Tara Walpert Levy (director) purchased 3 shares at $24.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Bloomin’ Brands Inc. is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concept: Outback Steakhouse Carrabba’s Italian Grill Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. As of December 28 2014 the Company owned and operated 1344 restaurants and franchised 166 restaurants across 48 states Puerto Rico Guam and 21 countries. The Company’s 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. Carrabba’s Italian Grill is a casual Italian restaurant. Bonefish Grill is a casual seafood restaurant which offers grilled fish. Fleming’s 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.

Bloomin' Brands Inc

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