Zacks Investment Research upgraded Bloomin' Brands Inc (NASDAQ:BLMN) to Hold in a report released today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded Bloomin' Brands Inc (NASDAQ:BLMN) to Hold in a report released on 10/11/2016.
Yesterday Bloomin' Brands Inc (NASDAQ:BLMN) traded -1.10% lower at $17.03. The company’s 50-day moving average is $18.31 and its 200-day moving average is $18.39. The last closing price is down -7.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,009,908 shares of the stock were exchanged, down from an average trading volume of 1,038,310
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Bloomin' Brands Inc has a price-earnings ratio of 35.19 with a one year low of $14.91 and a one year high of $19.89 BLMN’s total market value is presently $0.
A total of 11 equity analysts have released a ratings update on BLMN. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $20.64.
Brief Synopsis About Bloomin' Brands Inc (NASDAQ:BLMN)
Bloomin' Brands, Inc. (Bloomin' Brands) is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. The Company owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States, and brands operating outside the United States are included in the International segment. OSI Restaurant Partners, LLC (OSI) is its primary operating entity. New Private Restaurant Properties, LLC (PRP), a subsidiary of Bloomin' Brands, leases the Company's owned restaurant properties primarily to OSI subsidiaries.
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