Bloomin' Brands Inc (NASDAQ:BLMN) EVP Sukhdev Singh sold 26,446 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $21.67, for a total value of $573,084.82. Following the completion of the transaction, the executive vice president now owns 15,759 shares of the company’s stock, valued at $341,497.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Bloomin' Brands Inc (NASDAQ:BLMN) traded down 1.80% on Friday, hitting $20.22. The stock had a trading volume of 650,145 shares. The stock has a 50 day moving average price of $20.50 and a 200 day moving average price of $18.71. The company has a market cap of $2.08 billion, a P/E ratio of 43.96 and a beta of 0.83. Bloomin' Brands Inc has a 1-year low of $15.82 and a 1-year high of $22.16.
Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Bloomin' Brands had a net margin of 1.48% and a return on equity of 45.13%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts expect that Bloomin' Brands Inc will post $1.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Monday, May 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 4th. Bloomin' Brands’s dividend payout ratio (DPR) is presently 52.83%.
Several brokerages have recently weighed in on BLMN. Credit Suisse Group AG cut Bloomin' Brands from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $19.00 in a research note on Thursday, February 23rd. TheStreet raised Bloomin' Brands from a “c” rating to a “b” rating in a research note on Wednesday, April 26th. JPMorgan Chase & Co. cut Bloomin' Brands from an “overweight” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Tuesday, February 21st. Morgan Stanley raised their target price on Bloomin' Brands from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, April 28th. Finally, Wells Fargo & Co cut Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.22.
Several large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Bloomin' Brands by 0.4% in the first quarter. Principal Financial Group Inc. now owns 53,124 shares of the restaurant operator’s stock worth $1,048,000 after buying an additional 202 shares during the period. New York State Teachers Retirement System raised its stake in shares of Bloomin' Brands by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 10,100 shares of the restaurant operator’s stock worth $182,000 after buying an additional 300 shares during the period. US Bancorp DE raised its stake in shares of Bloomin' Brands by 0.5% in the first quarter. US Bancorp DE now owns 63,477 shares of the restaurant operator’s stock worth $1,252,000 after buying an additional 306 shares during the period. Tudor Investment Corp Et Al increased its position in Bloomin' Brands by 3.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 12,800 shares of the restaurant operator’s stock worth $231,000 after buying an additional 429 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Bloomin' Brands by 7.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,028 shares of the restaurant operator’s stock worth $271,000 after buying an additional 985 shares in the last quarter. 95.31% of the stock is currently owned by hedge funds and other institutional investors.
About Bloomin' Brands
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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