Media headlines about Bloomin’ Brands (NASDAQ:BLMN) have trended somewhat positive on Sunday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bloomin’ Brands earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 44.8831487784879 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of BLMN stock opened at $23.71 on Friday. Bloomin’ Brands has a fifty-two week low of $16.11 and a fifty-two week high of $25.00. The firm has a market capitalization of $2,205.29, a PE ratio of 17.43, a PEG ratio of 1.72 and a beta of 0.38. The company has a debt-to-equity ratio of 22.07, a current ratio of 0.42 and a quick ratio of 0.36.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Bloomin’ Brands had a return on equity of 133.73% and a net margin of 2.38%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. sell-side analysts anticipate that Bloomin’ Brands will post 1.42 earnings per share for the current fiscal year.
Bloomin’ Brands declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 22nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
BLMN has been the subject of several recent research reports. Barclays increased their price target on Bloomin’ Brands from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Zacks Investment Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, BidaskClub raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.78.
In related news, EVP Donagh Herlihy sold 195,333 shares of Bloomin’ Brands stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.00, for a total transaction of $4,687,992.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Elizabeth A. Smith sold 558,837 shares of Bloomin’ Brands stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $24.63, for a total value of $13,764,155.31. Following the sale, the chairman now owns 292,180 shares of the company’s stock, valued at approximately $7,196,393.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,646,864 shares of company stock valued at $40,050,895. Company insiders own 7.47% of the company’s stock.
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About Bloomin’ Brands
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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