Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Bloomin' Brands (BLMN) in Focus: Stock Up 8.5% in Session

Bloomin' Brands, Inc. BLMN was a big mover last session, as the company saw its shares rise roughly 9% on the day.  Shares moved up after the company recorded solid sales growth in its Brazilian locations in the first quarter of 2016. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.17 to $18.22 in the past one-month time frame.

This restaurant industry stock witnessed one positive estimate revision and two negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Bloomin' Brands has a Zacks Rank #3 (Hold).

However, a better-ranked stock in the same space is Carrols Restaurant Group, Inc. TAST, sporting a Zacks Rank #1 (Strong Buy).

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CARROLS RESTRNT (TAST): Free Stock Analysis Report
 
BLOOMIN BRANDS (BLMN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research