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

Bloomin’ Brands (NASDAQ: BLMN) has recently received a number of price target changes and ratings updates:

  • 4/12/2018 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/12/2018 – Bloomin’ Brands was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 4/3/2018 – Bloomin’ Brands was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 3/28/2018 – Bloomin’ Brands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/2/2018 – Bloomin’ Brands was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating.
  • 2/23/2018 – Bloomin’ Brands had its price target raised by analysts at Barclays from $26.00 to $27.00. They now have an “overweight” rating on the stock.
  • 2/23/2018 – Bloomin’ Brands was given a new $27.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 2/23/2018 – Bloomin’ Brands was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.

NASDAQ:BLMN opened at $23.27 on Friday. The company has a debt-to-equity ratio of 22.07, a quick ratio of 0.36 and a current ratio of 0.42. Bloomin’ Brands has a one year low of $16.11 and a one year high of $25.00. The company has a market cap of $2,222.95, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.73 and a beta of 0.38.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Thursday, February 22nd. The restaurant operator reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Bloomin’ Brands had a net margin of 2.38% and a return on equity of 133.73%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.31 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. analysts expect that Bloomin’ Brands will post 1.42 earnings per share for the current fiscal year.



The company also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Monday, March 5th were issued a dividend of $0.09 per share. This is a positive change from Bloomin’ Brands’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 2nd. This represents a $0.36 annualized dividend and a yield of 1.55%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 26.47%.

In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 241,163 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $24.19, for a total transaction of $5,833,732.97. Following the completion of the transaction, the chairman now owns 294,152 shares in the company, valued at approximately $7,115,536.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Donagh Herlihy sold 195,333 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.00, for a total transaction of $4,687,992.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,646,864 shares of company stock valued at $40,050,895. Company insiders own 7.47% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Jana Partners LLC bought a new stake in shares of Bloomin’ Brands in the 3rd quarter valued at $73,480,000. Earnest Partners LLC increased its stake in shares of Bloomin’ Brands by 30.9% in the 4th quarter. Earnest Partners LLC now owns 5,268,819 shares of the restaurant operator’s stock valued at $112,437,000 after acquiring an additional 1,245,120 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Bloomin’ Brands in the 4th quarter valued at $14,435,000. Millennium Management LLC increased its stake in shares of Bloomin’ Brands by 226.7% in the 4th quarter. Millennium Management LLC now owns 872,560 shares of the restaurant operator’s stock valued at $18,620,000 after acquiring an additional 605,511 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Bloomin’ Brands by 15.9% in the 4th quarter. LSV Asset Management now owns 3,517,296 shares of the restaurant operator’s stock valued at $75,059,000 after acquiring an additional 482,900 shares in the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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