Bloomin’ Brands, Inc. BLMN was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s strong results for first-quarter 2017, which topped estimates. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $18.98 to $20.09 in the past one-month time frame.
The company has seen one positive and negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved lower over the same timeframe. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Bloomin’ Brands currently carries a Zacks Rank #3 (Hold).
Bloomin’ Brands, Inc. Price
A top-ranked stock in the Retail – Restaurants industry is POTBELLY CORP PBPB sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Bloomin’ Brands, Inc. (BLMN): Free Stock Analysis Report
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Zacks Investment Research
April 27, 2017 at 06:11PM
from Zacks Equity Research
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