Bloomin Brands (BLMN) Shares are Up 2.71%

Bloomin Brands (BLMN) : Traders are bullish on Bloomin Brands (BLMN) as it has outperformed the S&P 500 by a wide margin of 7.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.19%, 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 2.71% in the last 1 week, and is up 7.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 6.59%.The 200 Day SMA reached 11.68%. Bloomin Brands, Inc. is up 0.84% in the last 3-month period. Year-to-Date the stock performance stands at 18.19%.


Bloomin Brands (NASDAQ:BLMN): After opening at $19.71, the stock dipped to an intraday low of $19.64 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.88 and the buying power remained strong till the end. The stock closed at $19.73 for the day, a gain of 0.77% for the day session. The total traded volume was 850,335. The stocks close on the previous trading day was $19.58.

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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