A study of analyst recommendations at the major brokerages shows that Bloomin' Brands Inc (Symbol: BLMN) is the #27 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. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.
BLMN operates in the Hotels, Lodging, Restaurants & Travel sector, among companies like McDonald's Corp (MCD) which is down about 1.2% today, and Starbucks Corp. (SBUX) trading lower by about 0.5%. Below is a three month price history chart comparing the stock performance of BLMN, versus MCD and SBUX.
BLMN is currently trading down about 0.4% midday Tuesday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
