A study of analyst recommendations at the major brokerages shows that Bloomin' Brands Inc is the #74 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.
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Upgrades: BLMN, CENX, MMYT, ULH, USM
Downgrades: CVV, DGICA, DGICB, INT, MELI, RMAX, VLP
Initiations: ADXS
Read on to get TheStreet Quant Ratings' detailed report:
Barington Capital thinks BLMN should consider spinning off Bonefish Grill, Carrabba's and Fleming's into a separate company leaving Outback as a separate entity.
Barington Capital's Jim Mitarotonda says Outback Steakhouse's parent company, Bloomin' Brands, has become too complicated. He wants it to spin off smaller chains, including Bonefish Grill.
Investors in Bloomin' Brands Inc saw new options begin trading this week, for the March 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BLMN options chain for the new March 16th contracts and identified one put and one call contract of particular interest.
In recent trading, shares of Bloomin' Brands Inc have crossed above the average analyst 12-month target price of $21.39, changing hands for $21.59/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Jana Partners' Barry Rosenstein has acquired a large stake in Bloomin' Brands and said he may urge it to "explore a sale" in a move that comes after another insurgent fund has accumulated a stake.
A study of analyst recommendations at the major brokerages shows that Bloomin' Brands Inc is the #86 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.