Bloomin’ Brands Inc. (NASDAQ:BLMN) shares traded -3.20% lower at $26.01 on Wall Street last session.
In accordance with the data, 12 analysts cover Bloomin’ Brands Inc. (NASDAQ:BLMN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $27.00, we find $30.00. Given the previous closing price of $26.87, this indicates a potential upside of 11.65 percent. BLMN stock price is now -1.68% away from the 50-day moving average and 6.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
It has been rated a hold by 8 analysts and a buy by 3. Brokers who have rated the stock have averaged $30.09 as their price target over the next twelve months.
With the price target of $28, Piper Sandler recently initiated with Neutral rating for Bloomin’ Brands Inc. (NASDAQ: BLMN).
In other news, SMITH ELIZABETH A, Director sold 64,295 shares of the company’s stock on Feb 22. The stock was sold for $1,793,188 at an average price of $27.89. Upon completion of the transaction, the Director now directly owns 243,594 shares in the company, valued at $6.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, Director GAINOR JOHN P JR sold 35,000 shares of the business’s stock. A total of $951,300 was realized by selling the stock at an average price of $27.18. This leaves the insider owning 16,500 shares of the company worth $0.43 million. Insiders disposed of 976,911 shares of company stock worth roughly $25.41 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLMN stock. A new stake in Bloomin’ Brands Inc. shares was purchased by CHIMERA CAPITAL MANAGEMENT LLC during the first quarter worth $4,142,000. KEHRS RIDGE CAPITAL,LLC invested $3,902,000 in shares of BLMN during the first quarter. In the first quarter, STRS OHIO acquired a new stake in Bloomin’ Brands Inc. valued at approximately $3,501,000. FOUNDRY PARTNERS, LLC acquired a new stake in BLMN for approximately $3,383,000. SCHRODER INVESTMENT MANAGEMENT GROUP purchased a new stake in BLMN valued at around $2,772,000 in the second quarter.
Bloomin’ Brands Inc. (NASDAQ: BLMN) opened at $27.40 on Tuesday. During the past 12 months, Bloomin’ Brands Inc. has had a low of $17.96 and a high of $28.67. As of last week, the company has a debt-to-equity ratio of 2.40, a current ratio of 0.30, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $4.08B, which is based on a 22.36 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for BLMN is $26.45 and a two-hundred day moving average price translates $24.37 for the stock.
The latest earnings results from Bloomin’ Brands Inc. (NASDAQ: BLMN) was released for Mar, 2023. According to the Restaurants Company, earnings per share came in at $0.98, beating analysts’ expectations of $0.89 by 0.09. This compares to $0.75 EPS in the same period last year. The net profit margin was 2.60% and return on equity was 43.20% for BLMN. The company reported revenue of $1.24 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.14 percent. For the current quarter, analysts expect BLMN to generate $1.15B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/24/2023. Investors who held shares on 05/10/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 3.69% percent yield. There was an ex-dividend date of 05/09/2023 for this dividend. In terms of dividend payout ratio, BLMN is presently at 49.70%.
Bloomin’ Brands Inc.(BLMN) Company Profile
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; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse. The company was founded in 1988 and is based in Tampa, Florida.
