Shares of Bloomin’ Brands (NASDAQ:BLMN) have earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.63.
A number of analysts have commented on the stock. BidaskClub upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Monday, February 5th. William Blair reiterated a “market perform” rating on shares of Bloomin’ Brands in a report on Monday, January 22nd. ValuEngine downgraded shares of Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 12th. Barclays increased their price objective on shares of Bloomin’ Brands from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Friday, March 2nd.
In other news, EVP Michael Kappitt sold 19,444 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $23.75, for a total transaction of $461,795.00. Following the completion of the sale, the executive vice president now owns 29,437 shares in the company, valued at approximately $699,128.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David J. Deno sold 66,603 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $24.72, for a total transaction of $1,646,426.16. Following the sale, the executive vice president now owns 65,135 shares of the company’s stock, valued at approximately $1,610,137.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,872,077 shares of company stock valued at $45,591,139 in the last 90 days. Insiders own 7.47% of the company’s stock.
BLMN stock traded down $0.69 during mid-day trading on Monday, reaching $21.32. The company’s stock had a trading volume of 2,170,395 shares, compared to its average volume of 2,040,252. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.60 and a beta of 0.35. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 10.30. Bloomin’ Brands has a fifty-two week low of $16.11 and a fifty-two week high of $25.00.
Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Thursday, April 26th. The restaurant operator reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.13. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. Bloomin’ Brands had a net margin of 2.91% and a return on equity of 198.45%. Bloomin’ Brands’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. equities analysts forecast that Bloomin’ Brands will post 1.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 18th. Stockholders of record on Monday, May 7th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, May 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Bloomin’ Brands’s previous quarterly dividend of $0.06. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 26.47%.
Bloomin’ Brands announced that its Board of Directors has initiated a share buyback program on Thursday, February 22nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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