Bloomin’ Brands, Inc. (BLMN) Plans Dividend of $0.08
Bloomin’ Brands, Inc. (NASDAQ:BLMN) declared a dividend on Friday, November 3rd, Fidelity reports. Investors of record on Monday, November 13th will be given a dividend of 0.08 per share by the restaurant operator on Wednesday, November 22nd. The ex-dividend date is Friday, November 10th. This is a boost from Bloomin’ Brands’s previous dividend of $0.06.
Bloomin’ Brands (NASDAQ:BLMN) traded down $0.30 during trading hours on Friday, hitting $17.30. 3,944,971 shares of the company were exchanged, compared to its average volume of 1,056,285. The stock has a market cap of $1.62 billion, a PE ratio of 13.01, a PEG ratio of 1.01 and a beta of 0.54. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.28 and a current ratio of 0.35.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company had revenue of $948.90 million for the quarter, compared to the consensus estimate of $944.30 million. During the same quarter in the prior year, the company earned $0.19 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. analysts forecast that Bloomin’ Brands will post 1.39 EPS for the current year.
A number of equities research analysts have recently issued reports on BLMN shares. BidaskClub cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, October 12th. ValuEngine cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. set a $24.00 price objective on Bloomin’ Brands and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC dropped their price objective on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.78.
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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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