Bloomin Brands (BLMN) has risen sharply, recording gains of 6.84% in the past 4 weeks. However, the stock has corrected -0.57% in the past 1 week, providing a good buying opportunity on dips. Bloomin Brands (BLMN) : Traders are bullish on Bloomin Brands (BLMN) as it has outperformed the S&P 500 by a wide margin of 7.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.09%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.29% and the fifty day Moving Average is 4.27%. Bloomin Brands, Inc. is up 0.22% in the last three month period. Year-to-Date the stock performance stands at 15.07%.
Bloomin Brands (BLMN) : Currently there are 6 street experts covering Bloomin Brands (BLMN) stock. The most bullish and bearish price target for the stock is $22 and $18 respectively for the short term. The average price target of all the analysts comes to $20.5. The estimated standard deviation from the target is $1.64.
Bloomin Brands (NASDAQ:BLMN): On Fridays trading session , Opening price of the stock was $19.4 with an intraday high of $19.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $19.01. However, the stock managed to close at $19.21, a loss of 1.59% for the day. On the previous day, the stock had closed at $19.52. The total traded volume of the day was 1,034,930 shares.
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.