Bloomin' Brands Inc (NASDAQ:BLMN) EVP Donagh Herlihy sold 9,081 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $20.93, for a total transaction of $190,065.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Bloomin' Brands Inc (NASDAQ BLMN) traded up $0.15 on Tuesday, hitting $21.30. 731,400 shares of the company traded hands, compared to its average volume of 1,522,743. Bloomin' Brands Inc has a 52-week low of $16.11 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 31.17, a quick ratio of 0.29 and a current ratio of 0.36. The firm has a market cap of $1,904.80, a P/E ratio of 16.70, a PEG ratio of 1.25 and a beta of 0.65.
Bloomin' Brands (NASDAQ:BLMN) last released its quarterly 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 company had revenue of $948.90 million for the quarter, compared to analyst estimates of $944.30 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. sell-side analysts expect that Bloomin' Brands Inc will post 1.33 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Bloomin' Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Raymond James Financial lowered shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a research note on Wednesday, December 6th. Citigroup lowered shares of Bloomin' Brands to a “market perform” rating in a research note on Wednesday, December 6th. BMO Capital Markets lowered their target price 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. Finally, Barclays lowered their target price on shares of Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Bloomin' Brands currently has an average rating of “Hold” and a consensus target price of $21.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jana Partners LLC acquired a new position in shares of Bloomin' Brands during the 3rd quarter worth about $73,480,000. California Public Employees Retirement System raised its holdings in Bloomin' Brands by 29.9% in the 3rd quarter. California Public Employees Retirement System now owns 90,272 shares of the restaurant operator’s stock valued at $1,589,000 after acquiring an additional 20,772 shares during the last quarter. Earnest Partners LLC raised its holdings in Bloomin' Brands by 1.7% in the 3rd quarter. Earnest Partners LLC now owns 4,023,699 shares of the restaurant operator’s stock valued at $70,817,000 after acquiring an additional 68,511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in Bloomin' Brands by 11.2% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 244,881 shares of the restaurant operator’s stock valued at $4,309,000 after acquiring an additional 24,600 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in Bloomin' Brands in the 3rd quarter valued at about $181,000.
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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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