Bloomin’ Brands Inc (NASDAQ:BLMN) has received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.33.
A number of brokerages recently issued reports on BLMN. Raymond James upgraded Bloomin’ Brands from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, July 17th. Goldman Sachs Group upgraded Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $18.00 price objective for the company in a research note on Tuesday, September 11th. BidaskClub upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. Barclays boosted their price objective on Bloomin’ Brands from $28.00 to $29.00 and gave the company a “$21.25” rating in a research note on Wednesday, July 18th. Finally, ValuEngine downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd.
In other Bloomin’ Brands news, EVP David Peter Schmidt sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $19.17, for a total value of $67,095.00. Following the completion of the transaction, the executive vice president now directly owns 4,828 shares in the company, valued at approximately $92,552.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $22.09, for a total value of $2,209,000.00. Following the completion of the transaction, the chief executive officer now owns 244,152 shares of the company’s stock, valued at $5,393,317.68. The disclosure for this sale can be found here. Insiders sold a total of 590,331 shares of company stock valued at $12,516,802 over the last 90 days. 7.47% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in shares of Bloomin’ Brands by 0.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,298,897 shares of the restaurant operator’s stock worth $31,538,000 after buying an additional 7,958 shares in the last quarter. American Century Companies Inc. boosted its position in Bloomin’ Brands by 475.2% during the first quarter. American Century Companies Inc. now owns 92,086 shares of the restaurant operator’s stock valued at $2,236,000 after purchasing an additional 76,076 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Bloomin’ Brands during the first quarter valued at about $251,000. Swiss National Bank boosted its position in Bloomin’ Brands by 1.9% during the first quarter. Swiss National Bank now owns 162,200 shares of the restaurant operator’s stock valued at $3,938,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Bloomin’ Brands during the first quarter valued at about $520,000. Institutional investors and hedge funds own 98.11% of the company’s stock.
Shares of NASDAQ BLMN traded up $0.75 during midday trading on Friday, hitting $19.29. 1,563,830 shares of the company’s stock traded hands, compared to its average volume of 999,043. The firm has a market capitalization of $1.72 billion, a P/E ratio of 14.18, a PEG ratio of 1.43 and a beta of 0.34. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 12.18. Bloomin’ Brands has a 1 year low of $16.30 and a 1 year high of $25.00.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bloomin’ Brands had a return on equity of 215.75% and a net margin of 2.70%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. equities research analysts anticipate that Bloomin’ Brands will post 1.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Thursday, August 9th were paid a $0.09 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $0.36 annualized dividend and a yield of 1.87%. Bloomin’ Brands’s payout ratio is 26.47%.
Bloomin’ Brands Company Profile
Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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