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Stock impact report

Bloomin' Brands (BLMN) Stock Trades Up, Here Is Why [Yahoo! Finance]

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Restaurant stocks trended higher as investors expected that lower oil prices would reduce the cost of food logistics and delivery. As gasoline prices fall at the pump, the "cost-of-living" pressure on diners would be mitigated, traditionally leading to higher frequency in "eating out" and increased casual dining sales. For restaurant operators, the ceasefire helps stabilize the supply chain for various commodities that were threatened by the closure of the Strait of Hormuz. Lower energy costs also reduce the overhead of running physical locations, from heating to electricity. After the initial pop the shares cooled down to $5.88, up 3.8% from previous close. Is now the time to buy Bloomin' Brands? Access our full analysis report here, it's free What Is The Market Telling Us Bloomin' Brands's shares are extremely volatile and have had 42 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not somethi Show less Read more
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