Bloomin’ Brands Inc. (BLMN) Trading Up 0.8%
Bloomin’ Brands Inc. (NASDAQ:BLMN) was up 0.8% during trading on Wednesday . The stock traded as high as $19.73 and last traded at $19.48, with a volume of 540,727 shares changing hands. The stock had previously closed at $19.32.
Several equities research analysts have recently commented on BLMN shares. Tigress Financial raised Bloomin’ Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, May 25th. TheStreet downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Zacks Investment Research raised Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, June 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $22.00 price target on shares of Bloomin’ Brands in a report on Tuesday, August 2nd. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $21.00 price target on shares of Bloomin’ Brands in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.92.
The company has a 50-day moving average price of $18.76 and a 200 day moving average price of $18.17. The company has a market cap of $2.21 billion and a P/E ratio of 40.37.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. On average, equities analysts expect that Bloomin’ Brands Inc. will post $1.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Wednesday, August 10th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.43%.
In other Bloomin’ Brands news, EVP Michael Kappitt sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $19.50, for a total value of $195,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Chris Thomas Sullivan sold 79,150 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $19.05, for a total value of $1,507,807.50. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Bloomin’ Brands stock. Wells Fargo & Company MN raised its stake in Bloomin’ Brands Inc. (NASDAQ:BLMN) by 83.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 711,237 shares of the company’s stock after buying an additional 324,409 shares during the period. Wells Fargo & Company MN owned about 0.59% of Bloomin’ Brands worth $12,012,000 as of its most recent SEC filing.
Bloomin’ Brands, Inc (Bloomin’ Brands) is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.