Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Rating) Director Elizabeth A. Smith sold 200,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $24.19, for a total transaction of $4,838,000.00. Following the completion of the sale, the director now directly owns 243,594 shares in the company, valued at $5,892,538.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Bloomin’ Brands Trading Down 0.9 %
Shares of NASDAQ:BLMN opened at $23.43 on Friday. The business’s 50 day moving average price is $21.19 and its 200-day moving average price is $20.27. Bloomin’ Brands, Inc. has a 1 year low of $15.89 and a 1 year high of $25.51. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 24.93 and a beta of 1.88. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.30 and a quick ratio of 0.21.
Bloomin’ Brands (NASDAQ:BLMN – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The restaurant operator reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Bloomin’ Brands had a net margin of 2.39% and a return on equity of 92.10%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Bloomin’ Brands, Inc. will post 2.46 earnings per share for the current fiscal year.
Bloomin’ Brands Announces Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on Bloomin’ Brands from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, October 31st. Citigroup raised their target price on Bloomin’ Brands from $20.00 to $25.00 in a report on Monday, October 31st. UBS Group started coverage on Bloomin’ Brands in a report on Friday, October 21st. They issued a “neutral” rating and a $23.00 price target for the company. Barclays raised their price objective on shares of Bloomin’ Brands from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, October 31st. Finally, TheStreet raised shares of Bloomin’ Brands from a “c” rating to a “b-” rating in a report on Friday, October 28th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.89.
Institutional Trading of Bloomin’ Brands
Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Bloomin’ Brands by 7.8% during the first quarter. Victory Capital Management Inc. now owns 1,674,377 shares of the restaurant operator’s stock worth $36,737,000 after buying an additional 121,291 shares in the last quarter. Principal Financial Group Inc. grew its stake in Bloomin’ Brands by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,619,844 shares of the restaurant operator’s stock valued at $35,539,000 after acquiring an additional 59,059 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Bloomin’ Brands by 18.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 625,707 shares of the restaurant operator’s stock valued at $13,728,000 after acquiring an additional 95,635 shares during the last quarter. Swiss National Bank lifted its stake in Bloomin’ Brands by 7.4% in the 1st quarter. Swiss National Bank now owns 189,900 shares of the restaurant operator’s stock worth $4,166,000 after purchasing an additional 13,100 shares in the last quarter. Finally, Aigen Investment Management LP boosted its holdings in shares of Bloomin’ Brands by 45.3% during the 2nd quarter. Aigen Investment Management LP now owns 20,659 shares of the restaurant operator’s stock worth $343,000 after purchasing an additional 6,443 shares during the last quarter.
About Bloomin’ Brands
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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