Bloomin' Brands Inc (NASDAQ:BLMN) – Equities research analysts at Jefferies Group dropped their Q1 2018 earnings estimates for shares of Bloomin' Brands in a report issued on Friday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.54. Jefferies Group currently has a “Hold” rating and a $23.00 target price on the stock. Jefferies Group also issued estimates for Bloomin' Brands’ Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.38 EPS and FY2019 earnings at $1.45 EPS.
Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the 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 business earned $0.19 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year.
Bloomin' Brands (BLMN) traded down $0.07 during mid-day trading on Monday, hitting $21.14. The stock had a trading volume of 925,000 shares, compared to its average volume of 1,513,785. Bloomin' Brands has a 52-week low of $16.11 and a 52-week high of $22.47. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17. The stock has a market capitalization of $1,929.44, a PE ratio of 27.45, a P/E/G ratio of 1.27 and a beta of 0.65.
Several institutional investors have recently bought and sold shares of BLMN. Jana Partners LLC bought a new stake in shares of Bloomin' Brands in the 3rd quarter worth about $73,480,000. Gotham Asset Management LLC bought a new stake in Bloomin' Brands in the second quarter worth approximately $13,380,000. Koch Industries Inc. bought a new stake in Bloomin' Brands in the second quarter worth approximately $547,000. Prudential Financial Inc. grew 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 worth $23,870,000 after acquiring an additional 547,210 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in Bloomin' Brands in the second quarter worth approximately $9,699,000.
In other news, Chairman Elizabeth A. Smith sold 100,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $17.00, for a total value of $1,700,000.00. Following the completion of the sale, the chairman now owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elizabeth A. Smith sold 1,700 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total value of $28,900.00. Following the completion of the sale, the chief executive officer now directly owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The disclosure for this sale can be found here. Insiders have sold a total of 551,878 shares of company stock worth $11,131,099 in the last ninety days. Insiders own 7.04% of the company’s stock.
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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