Shares of Bloomin’ Brands Inc. (NASDAQ:BLMN) shot up 2.5% during trading on Monday . The company traded as high as $19.10 and last traded at $19.10, with a volume of 689,760 shares changing hands. The stock had previously closed at $18.64.

A number of research firms have commented on BLMN. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Bloomin’ Brands in a research note on Friday, July 15th. Zacks Investment Research lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. TheStreet lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Tigress Financial raised shares of Bloomin’ Brands from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Bloomin’ Brands in a research note on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Bloomin’ Brands has an average rating of “Buy” and a consensus target price of $20.82.

The firm has a market cap of $2.24 billion and a PE ratio of 23.15. The firm’s 50-day moving average is $18.43 and its 200 day moving average is $17.79.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.03. The company earned $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. On average, equities research analysts expect that Bloomin’ Brands Inc. will post $1.37 EPS for the current year.

In related news, Director Chris Thomas Sullivan sold 133,000 shares of Bloomin’ Brands stock in a transaction on Monday, June 6th. The stock was sold at an average price of $19.48, for a total transaction of $2,590,840.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gregg Scarlett sold 8,500 shares of Bloomin’ Brands stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $18.89, for a total value of $160,565.00. Following the sale, the executive vice president now owns 30,393 shares in the company, valued at $574,123.77. The disclosure for this sale can be found here.

A number of hedge funds have modified their holdings of the company. Russell Frank Co raised its stake in shares of Bloomin’ Brands by 2.3% in the fourth quarter. Russell Frank Co now owns 177,631 shares of the company’s stock worth $3,019,000 after buying an additional 4,055 shares during the period. Rhumbline Advisers raised its stake in shares of Bloomin’ Brands by 8.4% in the fourth quarter. Rhumbline Advisers now owns 117,725 shares of the company’s stock worth $1,988,000 after buying an additional 9,110 shares during the period. New York State Common Retirement Fund raised its stake in shares of Bloomin’ Brands by 387.9% in the fourth quarter. New York State Common Retirement Fund now owns 870,766 shares of the company’s stock worth $14,707,000 after buying an additional 692,307 shares during the period. Quantitative Investment Management LLC raised its stake in shares of Bloomin’ Brands by 49.1% in the fourth quarter. Quantitative Investment Management LLC now owns 108,400 shares of the company’s stock worth $1,830,000 after buying an additional 35,700 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Bloomin’ Brands by 83.9% in the fourth quarter. Wells Fargo & Company MN now owns 711,237 shares of the company’s stock worth $12,012,000 after buying an additional 324,409 shares during the period.

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.

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