Wall Street analysts expect Bloomin’ Brands, Inc. (NASDAQ:BLMN) to post $0.28 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Bloomin’ Brands’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.31. Bloomin’ Brands reported earnings per share of $0.30 during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The firm is scheduled to report its next earnings report on Friday, August 4th.

According to Zacks, analysts expect that Bloomin’ Brands will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next financial year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.45 to $1.55. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a net margin of 1.21% and a return on equity of 61.37%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS.

Several equities research analysts recently weighed in on the company. Deutsche Bank AG upped their price target on Bloomin’ Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Morgan Stanley upped their price target on Bloomin’ Brands from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, April 28th. TheStreet raised Bloomin’ Brands from a “c” rating to a “b” rating in a research note on Wednesday, April 26th. Wells Fargo & Company cut Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research note on Friday, May 19th. Finally, ValuEngine cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.22.

Shares of Bloomin’ Brands (NASDAQ:BLMN) traded up 1.01% during trading on Monday, hitting $20.91. The company had a trading volume of 1,041,638 shares. Bloomin’ Brands has a 1-year low of $15.82 and a 1-year high of $22.16. The firm has a market capitalization of $2.16 billion, a P/E ratio of 45.46 and a beta of 0.77. The company’s 50 day moving average is $20.92 and its 200 day moving average is $19.05.

In other news, EVP Donagh Herlihy sold 3,326 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $20.00, for a total transaction of $66,520.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sukhdev Singh sold 26,446 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $21.67, for a total value of $573,084.82. Following the transaction, the executive vice president now directly owns 15,759 shares in the company, valued at $341,497.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 304,772 shares of company stock worth $6,637,355. Corporate insiders own 7.04% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Bloomin’ Brands by 36,253.0% in the first quarter. BlackRock Inc. now owns 7,091,374 shares of the restaurant operator’s stock worth $139,913,000 after buying an additional 7,071,867 shares in the last quarter. Norges Bank purchased a new position in Bloomin’ Brands during the fourth quarter worth $30,806,000. RidgeWorth Capital Management LLC increased its position in Bloomin’ Brands by 47.8% in the first quarter. RidgeWorth Capital Management LLC now owns 3,734,317 shares of the restaurant operator’s stock worth $73,678,000 after buying an additional 1,207,202 shares in the last quarter. Vanguard Group Inc. increased its position in Bloomin’ Brands by 11.2% in the first quarter. Vanguard Group Inc. now owns 11,991,871 shares of the restaurant operator’s stock worth $236,600,000 after buying an additional 1,203,463 shares in the last quarter. Finally, Earnest Partners LLC increased its position in Bloomin’ Brands by 37.9% in the first quarter. Earnest Partners LLC now owns 3,911,225 shares of the restaurant operator’s stock worth $77,168,000 after buying an additional 1,074,463 shares in the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

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Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

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Earnings History and Estimates for Bloomin` Brands (NASDAQ:BLMN)

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