Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.86.
A number of research analysts have issued reports on BLMN shares. Deutsche Bank AG upped their target price on shares of Bloomin’ Brands from $20.00 to $21.00 and gave the company a “hold” rating in a report on Friday, April 28th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. ValuEngine downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research note on Friday, May 19th.
Shares of Bloomin’ Brands (BLMN) opened at 17.43 on Friday. The company’s 50-day moving average is $19.77 and its 200 day moving average is $19.45. Bloomin’ Brands has a 52-week low of $15.82 and a 52-week high of $22.16. The firm has a market capitalization of $1.72 billion, a PE ratio of 19.32 and a beta of 0.72.
Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Equities analysts expect that Bloomin’ Brands will post $1.42 earnings per share for the current fiscal year.
Bloomin’ Brands declared that its board has approved a share buyback plan on Wednesday, April 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio is currently 35.56%.
Several hedge funds and other institutional investors have recently bought and sold shares of BLMN. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bloomin’ Brands by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock worth $109,000 after buying an additional 476 shares during the period. PNC Financial Services Group Inc. increased its stake in Bloomin’ Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after buying an additional 3,472 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Bloomin’ Brands during the first quarter worth about $173,000. Public Employees Retirement System of Ohio increased its stake in Bloomin’ Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock worth $174,000 after buying an additional 693 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Bloomin’ Brands during the second quarter worth about $201,000.
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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