Shares of Bloomin’ Brands Inc. (NASDAQ:BLMN) traded at a new 52-week high today of $29.45. Approximately 841,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
Bloomin’ Brands Inc. share prices have moved between a 52-week high of $29.45 and a 52-week low of $4.65 and are now trading 517% above that low price at $28.71 per share.
Bloomin’ Brands Inc. (NASDAQ:BLMN) defies analysts with a current price ($28.71) 1.4% above its average consensus price target of $28.31.
Bloomin Brands Inc operates as a casual dining restaurant company. Its brand includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.
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