Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMNGet Rating) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.00.

BLMN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Bloomin’ Brands from $30.00 to $28.00 in a research report on Monday, August 1st. Barclays upped their target price on shares of Bloomin’ Brands from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, October 31st. BMO Capital Markets reduced their target price on shares of Bloomin’ Brands from $33.00 to $29.00 in a report on Monday, August 1st. UBS Group initiated coverage on shares of Bloomin’ Brands in a report on Friday, October 21st. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, TheStreet upgraded shares of Bloomin’ Brands from a “c” rating to a “b-” rating in a report on Friday, October 28th.

Bloomin’ Brands Price Performance

Bloomin’ Brands stock opened at $23.39 on Friday. Bloomin’ Brands has a 52 week low of $15.89 and a 52 week high of $25.51. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 3.42. The firm’s 50-day simple moving average is $21.24 and its 200 day simple moving average is $20.27. The firm has a market capitalization of $2.05 billion, a PE ratio of 24.88 and a beta of 1.88.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last released its quarterly earnings data on Friday, October 28th. The restaurant operator reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Bloomin’ Brands had a net margin of 2.39% and a return on equity of 92.10%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Bloomin’ Brands will post 2.46 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, November 8th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 59.58%.

Insider Buying and Selling

In related news, CEO David J. Deno sold 60,354 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $24.39, for a total transaction of $1,472,034.06. Following the completion of the sale, the chief executive officer now owns 372,222 shares of the company’s stock, valued at approximately $9,078,494.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Bloomin’ Brands news, CEO David J. Deno sold 60,354 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $24.39, for a total value of $1,472,034.06. Following the completion of the sale, the chief executive officer now owns 372,222 shares of the company’s stock, valued at $9,078,494.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth A. Smith sold 200,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,892,538.86. The disclosure for this sale can be found here. Corporate insiders own 4.85% of the company’s stock.

Institutional Trading of Bloomin’ Brands

Large investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Bloomin’ Brands in the second quarter valued at approximately $50,000. Captrust Financial Advisors boosted its stake in shares of Bloomin’ Brands by 39.4% during the 1st quarter. Captrust Financial Advisors now owns 4,079 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 1,153 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Bloomin’ Brands during the 1st quarter valued at approximately $91,000. AdvisorShares Investments LLC purchased a new position in shares of Bloomin’ Brands during the 2nd quarter valued at approximately $116,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Bloomin’ Brands during the 2nd quarter valued at approximately $121,000.

About Bloomin’ Brands

(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.

See Also

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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