Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) rose 13.4% on Monday . The company traded as high as $8.45 and last traded at $8.28. Approximately 434,660 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 2,002,385 shares. The stock had previously closed at $7.30.
Wall Street Analyst Weigh In
BLMN has been the subject of a number of recent research reports. Barclays decreased their price objective on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group cut their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. BMO Capital Markets dropped 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 research report on Thursday, February 27th. Finally, Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.75.
Get Our Latest Stock Analysis on Bloomin' Brands
Bloomin' Brands Price Performance
The firm has a market capitalization of $758.01 million, a PE ratio of -81.00 and a beta of 1.30. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The business's 50 day moving average is $7.85 and its two-hundred day moving average is $10.93.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.70 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.
Bloomin' Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.72%. The ex-dividend date is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.
Insiders Place Their Bets
In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the business'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 legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Bloomin' Brands
A number of hedge funds and other institutional investors have recently bought and sold shares of BLMN. Schonfeld Strategic Advisors LLC lifted its stake in shares of Bloomin' Brands by 8,666.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator's stock worth $19,148,000 after buying an additional 1,550,364 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Bloomin' Brands by 565.9% in the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock worth $21,873,000 after purchasing an additional 1,522,370 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Bloomin' Brands by 385.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator's stock worth $22,187,000 after purchasing an additional 1,442,964 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Bloomin' Brands in the first quarter worth $7,890,000. Finally, Marshall Wace LLP increased its stake in shares of Bloomin' Brands by 483.0% in the fourth quarter. Marshall Wace LLP now owns 1,225,608 shares of the restaurant operator's stock worth $14,965,000 after purchasing an additional 1,015,372 shares in the last quarter.
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.
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