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.
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