Bloomin’ Brands (NASDAQ:BLMN) Earning Somewhat Positive Press Coverage, Study Shows
News stories about Bloomin’ Brands (NASDAQ:BLMN) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bloomin’ Brands earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 46.4528800581193 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Bloomin’ Brands (BLMN) & Good Times Restaurants (GTIM) Head to Head Survey (americanbankingnews.com)
- Nustar GP Holdings, LLC (NYSE:NSH) Reviewed By Analysts (overnewsmagazine.com)
- Wingstop names permanent chief financial officer (bizjournals.com)
- Bloomin’ Brands, Inc. Expected to Earn Q4 2017 Earnings of $0.42 Per Share (NASDAQ:BLMN) (americanbankingnews.com)
A number of brokerages have recently weighed in on BLMN. BidaskClub downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, July 28th. TheStreet downgraded shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Raymond James Financial, Inc. set a $24.00 price target on shares of Bloomin’ Brands and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $24.00 price target (up previously from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.86.
Bloomin’ Brands (NASDAQ:BLMN) opened at 17.16 on Monday. The firm has a market capitalization of $1.70 billion, a PE ratio of 19.02 and a beta of 0.72. Bloomin’ Brands has a 52-week low of $15.82 and a 52-week high of $22.16. The company’s 50-day moving average is $20.60 and its 200-day moving average is $19.49.
Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business earned $0.30 earnings per share. Bloomin’ Brands’s revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Bloomin’ Brands will post $1.42 EPS for the current fiscal year.
Bloomin’ Brands announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 35.56%.
Bloomin’ Brands Company Profile
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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