Zacks analysis has issued a 3-point rating to the shares of Bloomin’ Brands Inc (NASDAQ:BLMN), thus calling for an overall hold rating on the shares.
The rating was compiled from the projections of 12 financial firms where one firm issued a hold rating; three firms recommended a buy rating and the remaining eight firms pointed to a strong buy recommendation. The overall analysis reported a 1.54 rating on Zacks’ scale. The company’s share price targets for the short term have been projected at $25.7. Analysts expect the value to deviate by 2.71. The price estimate range has been set at $30 on the upper side and $23 on the lower side.
Bloomin Brands experienced a decline in its market capitalization when shares dropped by 0.62% on Tuesday. The day’s trading session opened at $19.22 and closed at $19.18 thus an overall decline. The shares hit the day’s high at $19.44 while the lowest value was $19.12. BLMN’s trading volume for the day was 1,246,637 shares. The company’s outstanding shares amounted to are 122,637,497 on a 52-week period while the highest share price for the period was $26 and a 52-week low of $21.60.
BLMN shares rose by 3.96% over the past week, but a four-week analysis indicates a 3.86% decline. The share performance was positive against the S&P 500 with a 3.03% margin over the previous week and negative performance by 7.41% over the past one month.
Insider buying and selling activities indicate that the company’s director, Levy Tara Walpert carried out a transaction worth $75 on March 19. Three shares were transferred at an average share price of 24.88. The information was delivered to the securities exchange through a Form 4 filing. Bloomin’ Brands Inc (NASDAQ:BLMN) is a holding company with more than 1,268 restaurants in 19 countries by the end of December 2012. About 203 of them are operated as joint ventures or franchises in 48 states.
