Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Equities researchers at William Blair increased their Q4 2017 EPS estimates for Bloomin’ Brands in a research report issued to clients and investors on Wednesday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.39.
Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 64.68% and a net margin of 2.29%. Bloomin’ Brands’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share.
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A number of other equities analysts have also weighed in on BLMN. TheStreet lowered Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. BidaskClub lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday. Raymond James Financial, Inc. set a $24.00 price objective on Bloomin’ Brands and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG boosted their price objective on Bloomin’ Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $21.00.
Shares of Bloomin’ Brands (BLMN) traded up 0.63% during mid-day trading on Monday, reaching $17.54. The company had a trading volume of 864,454 shares. The stock’s 50-day moving average price is $20.71 and its 200 day moving average price is $19.49. The company has a market capitalization of $1.73 billion, a PE ratio of 19.45 and a beta of 0.76. Bloomin’ Brands has a 1-year low of $15.82 and a 1-year high of $22.16.
Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Bloomin’ Brands by 0.4% in the first quarter. Principal Financial Group Inc. now owns 53,124 shares of the restaurant operator’s stock valued at $1,048,000 after buying an additional 202 shares during the last quarter. New York State Teachers Retirement System raised its position in 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 valued at $182,000 after buying an additional 300 shares during the last quarter. US Bancorp DE raised its position in Bloomin’ Brands by 0.5% in the first quarter. US Bancorp DE now owns 63,477 shares of the restaurant operator’s stock valued at $1,252,000 after buying an additional 306 shares during the last quarter. Public Employees Retirement System of Ohio raised its position 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 valued at $174,000 after buying an additional 693 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Bloomin’ Brands by 3.5% in the second quarter. Bank of Montreal Can now owns 35,703 shares of the restaurant operator’s stock valued at $758,000 after buying an additional 1,221 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Sukhdev Singh sold 26,446 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $21.67, for a total value of $573,084.82. Following the transaction, the executive vice president now owns 15,759 shares of the company’s stock, valued at approximately $341,497.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.04% of the company’s stock.
Bloomin’ Brands declared that its board has initiated a stock buyback program on Wednesday, April 26th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 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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