Bloomin Brands (BLMN) : Traders are bullish on Bloomin Brands (BLMN) as it has outperformed the S&P 500 by a wide margin of 1.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.45% in the last 1 week, and is up 4.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Bloomin Brands (NASDAQ:BLMN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.16 and $18.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.42, notching a gain of 2.11% for the day. The total traded volume was 1,160,357 . The stock had closed at $18.04 on the previous day.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 0.58%. Bloomin Brands, Inc. has dropped 3.41% during the last 3-month period . Year-to-Date the stock performance stands at 9.92%.
Bloomin Brands (BLMN) : 7 Wall Street analysts covering Bloomin Brands (BLMN) believe that the average level the stock could reach for the short term is $20.86. The maximum price target given is $23 and the minimum target for short term is around $18, hence the standard deviation is calculated at $1.77.
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.