Bloomin’ Brands (NASDAQ:BLMN) Stock Crosses Above 200 Day Moving Average of $20.25

Bloomin’ Brands, Inc. (NASDAQ:BLMNGet Rating) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.25 and traded as high as $21.08. Bloomin’ Brands shares last traded at $20.50, with a volume of 1,375,138 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BLMN shares. TheStreet lowered shares of Bloomin’ Brands from a “b-” rating to a “c” rating in a research report on Friday, July 29th. BMO Capital Markets lowered their target price on shares of Bloomin’ Brands from $33.00 to $29.00 in a research report on Monday, August 1st. MKM Partners lowered their target price 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. StockNews.com upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Bloomin’ Brands from $30.00 to $28.00 in a research report on Monday, August 1st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.80.

Bloomin’ Brands Stock Down 0.4 %

The firm’s 50 day moving average is $20.40 and its two-hundred day moving average is $20.25. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 32.54 and a beta of 1.86. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 3.05.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last announced its earnings results on Friday, July 29th. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Bloomin’ Brands had a net margin of 1.76% and a return on equity of 109.21%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. On average, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.44 EPS for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, August 9th. Bloomin’ Brands’s dividend payout ratio (DPR) is 88.89%.

Institutional Trading of Bloomin’ Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLMN. BlackRock Inc. grew its holdings in shares of Bloomin’ Brands by 13.0% during the 1st quarter. BlackRock Inc. now owns 15,152,121 shares of the restaurant operator’s stock worth $332,436,000 after purchasing an additional 1,747,152 shares during the period. Vanguard Group Inc. grew its holdings in shares of Bloomin’ Brands by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 9,595,706 shares of the restaurant operator’s stock worth $210,531,000 after purchasing an additional 68,770 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Bloomin’ Brands by 5.7% during the 2nd quarter. Clearbridge Investments LLC now owns 5,949,443 shares of the restaurant operator’s stock worth $98,880,000 after purchasing an additional 323,248 shares during the period. State Street Corp grew its holdings in shares of Bloomin’ Brands by 1.0% during the 2nd quarter. State Street Corp now owns 3,091,744 shares of the restaurant operator’s stock worth $51,385,000 after purchasing an additional 31,166 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Bloomin’ Brands by 3.4% during the 2nd quarter. Jennison Associates LLC now owns 2,522,578 shares of the restaurant operator’s stock worth $41,925,000 after purchasing an additional 83,366 shares during the period.

Bloomin’ Brands Company Profile

(Get Rating)

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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