Analyst Rating Update on Bloomin Brands (BLMN)

Bloomin Brands (NASDAQ:BLMN) : 5 brokerage houses believe that Bloomin Brands (NASDAQ:BLMN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bloomin Brands (NASDAQ:BLMN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Bloomin Brands (NASDAQ:BLMN) : The most positive equity analysts on Bloomin Brands (NASDAQ:BLMN) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $21 with an expected fluctuation of $1.91 from the mean.

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

Bloomin Brands (NASDAQ:BLMN): On Tuesdays trading session , Opening price of the stock was $17.63 with an intraday high of $17.87. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.34. However, the stock managed to close at $17.39, a loss of 0.17% for the day. On the previous day, the stock had closed at $17.42. The total traded volume of the day was 818,741 shares.

In an insider trading activity,The director of Bloomin Brands, Inc., Sullivan Chris Thomas sold 133,000 shares at $19.48 on June 6, 2016. The Insider selling transaction had a total value worth of $2,590,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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