Skip to Content

Brokerages have given Bloomin’ Brands, Inc. (NASDAQ:BLMN) an average recommendation of “Moderate Buy.”

Brokerages have given Bloomin’ Brands, Inc. (NASDAQ:BLMN) an average recommendation of “Moderate Buy.”

Bloomberg reports that out of the twelve rating agencies that are keeping an eye on Bloomin’ Brands, Inc. (NASDAQ: BLMN), they have collectively assigned the stock a rating of “Moderate Buy” as their consensus recommendation. Rating agencies have assigned this grade to the company’s shares based on their evaluations. The stock has been given a total of seven buy ratings by analysts, including one strong buy rating, two hold ratings, five buy ratings and one strong buy rating. In addition, analysts who have covered the stock in the preceding year have an average price target of $26.50 over the next 12 months.
Recently, several analysts released research that they had recently published on the company’s stock, which was released recently.
In a research report published on Thursday, Barclays lowered their “overweight” rating and their price target on Bloomin’ Brands shares, which had been $28.00, to $24.00. The report was about the company’s stock. On Friday, October 28, the shares of Bloomin’ Brands were given a rating of “b-” by TheStreet, an improvement from the rating of “c” previously held. The price objective that the company has set for Bloomin’ Brands shares increased from $20.00 to $25.00 in a research report that was published on October 31 by Citigroup. The report was about the company’s outlook for the stock market. Bloomin’ Brands stock had its price target increased by Morgan Stanley from $21.00 to $23.00 in a research report that was published on October 31. The report was titled “equal weight,” and the firm rated the stock as “equal weight.” Jefferies Financial Group reaffirmed their “buy” recommendation on shares of Bloomin’ Brands in a report released on November 2, which was published on Wednesday.
On Friday, November 18, director Elizabeth A. Smith sold 261,122 shares of the company’s stock. This is related to the news that was previously mentioned. The transaction was completed. The price of each share, which was ultimately sold for a sum of $6,118,088.46, came to an average of $23.43 per share. Following the completion of the sale, the director will continue to hold 243,594 shares of the company, which will result in a total value of $5,707,407.42 for those shares. If you click on this link, you will be taken to the SEC filing in which the transaction was described. On Friday, November 18, director Elizabeth A. Smith sold 261,122 shares of the company’s stock. This is related to the news that was previously mentioned. The transaction was completed. The price of each share, which was ultimately sold for a sum of $6,118,088.46, came to an average of $23.43 per share. Following the conclusion of the sale, the director is now the owner of 24,354 shares of the company. Based on the current market price, these shares have a value of approximately $5,707,407.42. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. On November 21, Elizabeth A. Smith, also a company director, sold 203,032 shares of the company’s stock. The transaction took place on the same day. The price of each share was calculated to an average of $22.93 when the shares were sold for a total of $4,655,523.76, which is the total amount received. As a direct consequence of the transaction, the director now owns 243,594 shares of the company. The total value of these shares is approximately $5,585,610.42. Disclosures that are related to the sale might be found in this section of the website. Business insiders were responsible for the sale of 724,508 shares of company stock during the most recent fiscal period, bringing in a total of $17,083,646. 4.85 percent of the total number of shares in the company are owned by those working within the company.
Several hedge funds and institutional investors participated in recent company stock transactions by buying and selling shares. The first three months of 2018 saw BlackRock Inc. increase Bloomin’ Brands’ ownership proportion by 13.0%. BlackRock Inc. now has 15,152,121 shares of the restaurant operator’s stock, which are currently valued at $332,436,000, following an additional purchase of 1,747,152 shares during the most recent quarter. This brings the total number of shares owned by BlackRock Inc. to 15,152,121. During the third quarter of the current fiscal year, Vanguard Group Inc. increased the percentage of Bloomin’ Brands stock owned by 3.1%. The most recent quarter saw the acquisition of an additional 291 981 shares of the restaurant operator’s stock by Vanguard Group Inc. This brings the total number of shares owned by the company to 9,842,684, with a value of $180,417,000. During the second quarter of the current fiscal year, the stock holdings of Bloomin’ Brands were helped by an increase of 5.7% that Clearbridge Investments LLC contributed. Clearbridge Investments LLC now holds 5,949,443 shares of the restaurant operator’s stock, which have a value of $98,880,000 thanks to the purchase of an additional 323,248 shares during the most recent quarter. Clearbridge Investments LLC’s holdings increased by this during the most recent quarter. A factor of 4.4% was added to State Street Corporation’s holdings of Bloomin’ Brands during the third quarter. Following the acquisition of an additional 136,714 shares during the most recent quarter, State Street Corp. now owns a total of 3,228,458 shares of the restaurant operator’s stock, which has a value of $59,178,000. And as a final point of interest, during the third quarter, Jennison Associates LLC increased its holdings of Bloomin’ Brands by 16.0%. Following the acquisition of an additional 404,708 shares during the most recent quarter, Jennison Associates LLC now has 2,927,286 shares of the restaurant operator’s stock in its possession. The total value of the stocks held by Jennison Associates LLC as of the most recent market close is $53,657,000.
BLMN was first available for trading on Friday for $21.67. The company’s beta value is 1.82, and its price-to-earnings ratio stands at 23.05. The company currently has a market capitalization of $1.90 billion7. The company’s beta value is 1.82, and its price-to-earnings ratio stands at 23.05. The company currently has a market capitalization of $1.90 billion. The stock’s price has been trading at $20.58 on average over the past 200 days, while its moving average price over the past 50 days is $21.98. Three different ratios can be used to measure a company’s liquidity:
The current ratio is 0.30.
The quick ratio is 0.21.
The debt-to-equity ratio is 3.42.
The lowest price Bloomin’ Brands has reached in the past year is $15.89, while the highest price the company’s stock has reached in the past year is $25.51.
On Friday, October 28, Bloomin’ Brands (NASDAQ: BLMN) announced the results of its most recent quarterly financial report. The report was for the most recent fiscal quarter that the company had completed. The restaurant operator reported earnings per share of $0.35 for the quarter, which was $0.02 higher than the average forecast of $0.33 per share. It was anticipated that the company would bring in $1.05 billion in revenue for the quarter, but it brought in $1.06 billion, a significant increase from the prediction. The figures for Bloomin’ Brands showed a return on equity of 92.1 percent and a net margin of 2.39 percent. Compared to the previous year’s results for the same period, the company’s quarterly profits grew by 4.5%. In the prior year, the company posted earnings of $0.57 per share during the same period. The projections of market analysts indicate that Bloomin’ Brands will bring in $2.46 per share in revenue throughout the current fiscal year.
In addition, the business recently announced and paid a quarterly dividend, which was paid out on November 23, after the dividend was declared and distributed. As a result, shareholders on the company’s books, as of the record date of Wednesday, November 9, were eligible to receive a dividend payment of $0.14. This payout’s date of exclusion from the dividend pool was set to be on Tuesday, November 8, which was a day of the week. This translates to a dividend payment of $0.56 and a dividend yield of 2.58% when calculated annually. The most recent period for which data is available shows that Bloomin’ Brands had a dividend payout ratio (DPR) of 59.58%.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *