Bloomin’ Brands (NASDAQ:BLMN) Sets New 12-Month Low at $15.90

Bloomin’ Brands, Inc. (NASDAQ:BLMNGet Rating)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $15.90 and last traded at $16.13, with a volume of 11495 shares changing hands. The stock had previously closed at $16.38.

Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Bloomin’ Brands from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 14th. Raymond James boosted their price target on shares of Bloomin’ Brands from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 22nd. Jefferies Financial Group restated a “buy” rating and set a $36.00 price target on shares of Bloomin’ Brands in a research report on Wednesday, April 13th. MKM Partners dropped their price target on shares of Bloomin’ Brands from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. Finally, BMO Capital Markets boosted their price target on shares of Bloomin’ Brands from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 22nd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.45.

The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 2.42. The business’s fifty day moving average is $20.59 and its 200 day moving average is $20.99. The firm has a market capitalization of $1.47 billion, a P/E ratio of 7.80 and a beta of 1.80.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last released its earnings results on Friday, April 29th. The restaurant operator reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. Bloomin’ Brands had a net margin of 5.20% and a return on equity of 131.48%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Tuesday, May 10th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 26.67%.

In other news, EVP Kelly Lefferts sold 8,087 shares of Bloomin’ Brands stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $20.82, for a total value of $168,371.34. Following the transaction, the executive vice president now directly owns 36,626 shares of the company’s stock, valued at $762,553.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.85% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in Bloomin’ Brands by 149.3% during the first quarter. CWM LLC now owns 1,244 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 745 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Bloomin’ Brands during the fourth quarter valued at approximately $48,000. Patriot Financial Group Insurance Agency LLC grew its position in Bloomin’ Brands by 32.5% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,550 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 625 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Bloomin’ Brands during the fourth quarter valued at approximately $69,000. Finally, Captrust Financial Advisors grew its position in Bloomin’ Brands by 39.4% during the first quarter. Captrust Financial Advisors now owns 4,079 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 1,153 shares in the last quarter.

Bloomin’ Brands Company Profile (NASDAQ:BLMN)

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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