Bloomin' Brands Inc (NASDAQ:BLMN) EVP David J. Deno sold 41,097 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $22.00, for a total transaction of $904,134.00. Following the transaction, the executive vice president now owns 15,135 shares in the company, valued at approximately $332,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Bloomin' Brands Inc (NASDAQ:BLMN) traded up $0.27 during mid-day trading on Wednesday, reaching $22.42. 1,635,100 shares of the company’s stock were exchanged, compared to its average volume of 1,538,447. Bloomin' Brands Inc has a twelve month low of $16.11 and a twelve month high of $22.47. The stock has a market capitalization of $2,021.62, a PE ratio of 17.72, a P/E/G ratio of 1.33 and a beta of 0.65. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17.

Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The business had revenue of $948.90 million for the quarter, compared to analysts’ expectations of $944.30 million. During the same period in the prior year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. sell-side analysts predict that Bloomin' Brands Inc will post 1.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th were issued a dividend of $0.08 per share. This is a boost from Bloomin' Brands’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, November 10th. Bloomin' Brands’s dividend payout ratio is currently 41.56%.

A number of brokerages recently weighed in on BLMN. Raymond James Financial downgraded shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research report on Wednesday. Citigroup downgraded shares of Bloomin' Brands to a “market perform” rating in a research report on Wednesday. Bank of America downgraded shares of Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Wednesday, November 22nd. BMO Capital Markets lowered their price objective on shares of Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Finally, Credit Suisse Group lowered their price objective on shares of Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.00.

A number of hedge funds have recently made changes to their positions in BLMN. Teachers Advisors LLC increased its holdings in Bloomin' Brands by 4.2% during the first quarter. Teachers Advisors LLC now owns 208,724 shares of the restaurant operator’s stock valued at $4,118,000 after buying an additional 8,400 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Bloomin' Brands by 8.6% during the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 693 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Bloomin' Brands by 3.5% in the second quarter. Bank of Montreal Can now owns 35,703 shares of the restaurant operator’s stock worth $758,000 after purchasing an additional 1,221 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Bloomin' Brands in the second quarter worth $953,000. Finally, Sei Investments Co. increased its stake in shares of Bloomin' Brands by 24.0% in the second quarter. Sei Investments Co. now owns 279,592 shares of the restaurant operator’s stock worth $5,935,000 after purchasing an additional 54,084 shares in the last quarter.

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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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