Research Analysts’ Recent Ratings Updates for Bloomin’ Brands (BLMN)

A number of research firms have changed their ratings and price targets for Bloomin’ Brands (NASDAQ: BLMN):

  • 7/31/2017 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Bloomin’ Brands was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “
  • 7/27/2017 – Bloomin’ Brands was given a new $24.00 price target on by analysts at Raymond James Financial, Inc.. They now have a “buy” rating on the stock.
  • 7/26/2017 – Bloomin’ Brands was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 7/19/2017 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – Bloomin’ Brands had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $24.00 price target on the stock, up previously from $21.00.
  • 6/27/2017 – Bloomin’ Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “
  • 6/22/2017 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/2/2017 – Bloomin’ Brands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Bloomin’ Brands, Inc. (NASDAQ BLMN) opened at 17.43 on Tuesday. Bloomin’ Brands, Inc. has a 12-month low of $15.82 and a 12-month high of $22.16. The stock’s 50 day moving average is $20.71 and its 200 day moving average is $19.49. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 19.32 and a beta of 0.76.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Bloomin’ Brands had a return on equity of 64.68% and a net margin of 2.29%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts forecast that Bloomin’ Brands, Inc. will post $1.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. 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 is presently 35.56%.

In related news, EVP Sukhdev Singh sold 26,446 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $21.67, for a total transaction of $573,084.82. Following the completion of the sale, the executive vice president now directly owns 15,759 shares of the company’s stock, valued at $341,497.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.04% of the stock is owned by company insiders.

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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