Bloomin Brands (BLMN) : Analyst Rating Update

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) : The consensus price target for Bloomin Brands (BLMN) is $21 for the short term with a standard deviation of $1.91. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $23, however, the pessimist price target for the company is $18.

Bloomin Brands (NASDAQ:BLMN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.29 and $17.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.43, notching a gain of 0.06% for the day. The total traded volume was 673,371 . The stock had closed at $17.42 on the previous day.

Also, Tigress Financial upgrades its rating on Bloomin Brands (NASDAQ:BLMN). Analysts at the Tigress Financial have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 25, 2016. The company shares have dropped -22.16% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $23.83 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $18.72 and the 200 Day Moving Average price is recorded at $17.65.

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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