Analysts forecast that Bloomin' Brands Inc (NASDAQ:BLMN) will announce $1.06 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Bloomin' Brands’ earnings, with the lowest sales estimate coming in at $1.03 billion and the highest estimate coming in at $1.10 billion. Bloomin' Brands posted sales of $1.00 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6%. The firm is expected to issue its next earnings results on Friday, February 16th.

On average, analysts expect that Bloomin' Brands will report full-year sales of $1.06 billion for the current financial year, with estimates ranging from $4.16 billion to $4.23 billion. For the next financial year, analysts anticipate that the business will post sales of $4.16 billion per share, with estimates ranging from $4.08 billion to $4.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Bloomin' Brands.

Bloomin' Brands (NASDAQ:BLMN) last posted its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. The business had revenue of $948.90 million for the quarter, compared to analyst estimates of $944.30 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year.

BLMN has been the topic of a number of research reports. Barclays decreased their price objective on Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Credit Suisse Group decreased their price objective on Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. ValuEngine lowered Bloomin' Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Bank of America lowered Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Wednesday, November 22nd. Finally, BMO Capital Markets reduced their target price on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Bloomin' Brands (NASDAQ BLMN) opened at $21.43 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17. Bloomin' Brands has a 1-year low of $16.11 and a 1-year high of $22.16. The company has a market capitalization of $1,959.56, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were given a dividend of $0.08 per share. This is an increase from Bloomin' Brands’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, November 10th. Bloomin' Brands’s dividend payout ratio is currently 41.56%.

In related news, CEO Elizabeth A. Smith sold 1,700 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total transaction of $28,900.00. Following the completion of the sale, the chief executive officer now directly owns 82,935 shares in the company, valued at approximately $1,409,895. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christopher W. Brandt sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $20.47, for a total value of $511,750.00. Following the sale, the executive vice president now owns 4,416 shares of the company’s stock, valued at $90,395.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,700 shares of company stock valued at $2,240,650. 7.04% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Jana Partners LLC bought a new position in Bloomin' Brands in the third quarter valued at about $73,480,000. Gotham Asset Management LLC bought a new position in Bloomin' Brands in the second quarter valued at about $13,380,000. Koch Industries Inc. bought a new position in Bloomin' Brands in the second quarter valued at about $547,000. Prudential Financial Inc. raised its position in Bloomin' Brands by 94.8% in the second quarter. Prudential Financial Inc. now owns 1,124,340 shares of the restaurant operator’s stock valued at $23,870,000 after purchasing an additional 547,210 shares during the last quarter. Finally, Castleark Management LLC bought a new position in Bloomin' Brands in the second quarter valued at about $9,699,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

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About Bloomin' Brands

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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