Elizabeth A. Smith Sells 375,000 Shares of Bloomin' Brands Inc (BLMN) Stock

Bloomin' Brands Inc (NASDAQ:BLMN) Chairman Elizabeth A. Smith sold 375,000 shares of Bloomin' Brands stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $20.79, for a total transaction of $7,796,250.00. Following the transaction, the chairman now directly owns 206,235 shares in the company, valued at $4,287,625.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Bloomin' Brands Inc (NASDAQ:BLMN) traded down $0.03 on Thursday, reaching $21.83. 388,700 shares of the company traded hands, compared to its average volume of 634,957. Bloomin' Brands Inc has a 1 year low of $16.11 and a 1 year high of $22.47. The stock has a market cap of $2,040.00, a P/E ratio of 28.35, a P/E/G ratio of 1.29 and a beta of 0.64. The company has a debt-to-equity ratio of 31.17, a quick ratio of 0.29 and a current ratio of 0.36.

Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. The business had revenue of $948.90 million for the quarter, compared to analysts’ expectations of $944.30 million. During the same period in the previous year, the company earned $0.19 earnings per share. Bloomin' Brands’s quarterly revenue was down 5.6% on a year-over-year basis. research analysts predict that Bloomin' Brands Inc will post 1.33 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. Jana Partners LLC purchased a new stake in Bloomin' Brands during the 3rd quarter worth approximately $73,480,000. Gotham Asset Management LLC acquired a new position in Bloomin' Brands during the 2nd quarter worth approximately $13,380,000. Koch Industries Inc. acquired a new position in Bloomin' Brands during the 2nd quarter worth approximately $547,000. Prudential Financial Inc. grew its holdings in Bloomin' Brands by 94.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,124,340 shares of the restaurant operator’s stock worth $23,870,000 after acquiring an additional 547,210 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in Bloomin' Brands during the 2nd quarter worth approximately $9,699,000.

BLMN has been the topic of a number of analyst reports. Jefferies Group reaffirmed a “hold” rating and set a $19.00 target price on shares of Bloomin' Brands in a research note on Thursday, October 12th. BMO Capital Markets reduced their price target on shares of Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Zacks Investment Research raised shares of Bloomin' Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Credit Suisse Group reduced their price target on shares of Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Finally, Raymond James Financial downgraded shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.36.

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About Bloomin' Brands

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.

Insider Buying and Selling by Quarter for Bloomin' Brands (NASDAQ:BLMN)

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