Bloomin' Brands (NASDAQ:BLMN - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect Bloomin' Brands to post earnings of $0.57 per share and revenue of $1.04 billion for the quarter.
Bloomin' Brands Stock Up 0.4 %
NASDAQ:BLMN traded up $0.04 during trading hours on Monday, hitting $8.13. The stock had a trading volume of 604,969 shares, compared to its average volume of 1,964,746. The company has a market cap of $690.06 million, a PE ratio of -73.96 and a beta of 1.76. The business has a 50 day simple moving average of $8.01 and a two-hundred day simple moving average of $11.30. Bloomin' Brands has a 1-year low of $6.09 and a 1-year high of $25.78. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.
Bloomin' Brands Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date was Tuesday, March 11th. Bloomin' Brands's payout ratio is -40.27%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BLMN. JPMorgan Chase & Co. dropped their target price on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. The Goldman Sachs Group decreased their price target on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. BMO Capital Markets cut their price target on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Finally, UBS Group dropped their target price on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.30.
Read Our Latest Stock Analysis on Bloomin' Brands
Insider Activity at Bloomin' Brands
In related news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.
About Bloomin' Brands
(
Get Free Report)
Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.
Featured Articles
Before you consider Bloomin' Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloomin' Brands wasn't on the list.
While Bloomin' Brands currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
