Bloomin' Brands Inc. (BLMN) is Trading Higher on Unusual Volume for February 15

Equities Staff |

Bloomin' Brands Inc. (BLMN) experienced unusually high volume on Feb. 15, as the stock gained 3.8% to a closing price of $16.68. The stock saw 2.7 million shares trade hands over the course of the day on 18,207 trades. Given that the stock’s average daily volume over the last month has been 1.56 million shares a day, this represents a pretty substantial spike over the norm.

Bloomin' Brands Inc. has a P/B ratio of 4.88. It also has a P/E ratio of 15.6. The stock has traded between $26.25 and $15.48 over the last 52-weeks, its 50-day SMA is now $16.77, and its 200-day SMA $19.51.

Bloomin Brands Inc is a casual dining restaurant company, with a portfolio of differentiated restaurant concepts. The Company's concepts include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar.

Headquartered in Tampa, FL, Bloomin' Brands Inc. has 100,000 employees and is currently under the leadership of CEO Elizabeth A. Smith.

For a complete fundamental analysis analysis of Bloomin' Brands Inc., check out Equities.com’s Stock Valuation Analysis report for BLMN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…

BioSculpture Technology, Inc.

BioSculpture Technology, Inc. (“BST”) is a commercial-stage medical device manufacturer of liposuction surgical instruments for surgeons. It offers the FDA-cleared Twin Cannula Assisted Liposuction ("TCAL") Airbrush Liposculptor II® controllers, Airbrush®…