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Bloomin' Brands (BLMN) in Focus: Stock Moves 12.4% Higher

Zacks Equity Research
Updated

Bloomin' Brands, Inc. BLMN was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.53 to $18.27 in the past one month time frame.

The stock gained after activist investor Jana Partners disclosed an 8.7% stake in the company.

The company has seen seven negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Bloomin' Brands, Inc. Price

Bloomin' Brands, Inc. Price | Bloomin' Brands, Inc. Quote

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Bloomin' Brands currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP  is 0.00%.

A better-ranked stock in the Retail-Wholesale sector is J D Wetherspoon plc JDWPY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is BLMN going up? Or down? Predict to see what others think: Up or Down

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Bloomin' Brands, Inc. (BLMN) : Free Stock Analysis Report
 
J d Wetherspoon Plc (JDWPY) : Free Stock Analysis Report
 
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Zacks Investment Research