Bloomin’ Brands Inc (NASDAQ:BLMN) CEO Elizabeth A. Smith sold 66,022 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $22.12, for a total value of $1,460,406.64. Following the transaction, the chief executive officer now owns 210,174 shares in the company, valued at approximately $4,649,048.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bloomin’ Brands stock opened at $20.64 on Thursday. Bloomin’ Brands Inc has a one year low of $16.11 and a one year high of $25.00. The company has a debt-to-equity ratio of 10.30, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.59 and a beta of 0.30.
Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Thursday, April 26th. The restaurant operator reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. Bloomin’ Brands had a return on equity of 198.45% and a net margin of 2.91%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $0.58 EPS. The company’s revenue was down 3.3% on a year-over-year basis. equities research analysts expect that Bloomin’ Brands Inc will post 1.43 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Earnest Partners LLC increased its stake in Bloomin’ Brands by 1.9% during the 1st quarter. Earnest Partners LLC now owns 5,369,962 shares of the restaurant operator’s stock worth $130,383,000 after acquiring an additional 101,143 shares during the period. Millennium Management LLC increased its stake in Bloomin’ Brands by 182.2% during the 1st quarter. Millennium Management LLC now owns 2,462,139 shares of the restaurant operator’s stock worth $59,781,000 after acquiring an additional 1,589,579 shares during the period. Ceredex Value Advisors LLC bought a new position in Bloomin’ Brands during the 1st quarter worth $58,763,000. Wells Fargo & Company MN increased its stake in Bloomin’ Brands by 0.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,298,897 shares of the restaurant operator’s stock worth $31,538,000 after acquiring an additional 7,958 shares during the period. Finally, Foundry Partners LLC increased its stake in Bloomin’ Brands by 6.6% during the 1st quarter. Foundry Partners LLC now owns 763,182 shares of the restaurant operator’s stock worth $18,530,000 after acquiring an additional 47,237 shares during the period. Hedge funds and other institutional investors own 95.20% of the company’s stock.
A number of brokerages have recently weighed in on BLMN. ValuEngine upgraded Bloomin’ Brands from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 3rd. Barclays increased their target price on Bloomin’ Brands from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, April 27th. BidaskClub upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. JPMorgan Chase & Co. increased their target price on Bloomin’ Brands from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 1st. Finally, Deutsche Bank upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.88.
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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