BLMN has been the topic of a number of other reports. MKM Partners lowered their price target on shares of Bloomin’ Brands from $32.00 to $30.00 and set a buy rating on the stock in a report on Friday, June 3rd. BMO Capital Markets decreased their price objective on shares of Bloomin’ Brands from $33.00 to $29.00 in a report on Monday. Barclays decreased their price objective on shares of Bloomin’ Brands from $29.00 to $26.00 in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Bloomin’ Brands from $30.00 to $28.00 in a report on Monday. Finally, Jefferies Financial Group reaffirmed a buy rating and set a $36.00 price objective on shares of Bloomin’ Brands in a report on Wednesday, April 13th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands presently has an average rating of Moderate Buy and a consensus target price of $27.50.
Bloomin’ Brands Stock Performance
Shares of NASDAQ BLMN opened at $20.49 on Monday. The company’s fifty day moving average price is $18.38 and its 200 day moving average price is $20.42. Bloomin’ Brands has a 1 year low of $15.89 and a 1 year high of $27.69. The company has a market capitalization of $1.82 billion, a PE ratio of 32.52 and a beta of 1.88. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.22 and a current ratio of 0.29.
Bloomin’ Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, August 9th. Bloomin’ Brands’s payout ratio is currently 88.89%.
Insider Buying and Selling
In related news, EVP Kelly Lefferts sold 8,087 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $20.82, for a total transaction of $168,371.34. Following the completion of the sale, the executive vice president now directly owns 36,626 shares in the company, valued at $762,553.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.85% of the stock is owned by company insiders.
Institutional Investors Weigh In On Bloomin’ Brands
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sciencast Management LP increased its position in shares of Bloomin’ Brands by 8.2% during the first quarter. Sciencast Management LP now owns 14,634 shares of the restaurant operator’s stock valued at $301,000 after acquiring an additional 1,108 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Bloomin’ Brands during the fourth quarter valued at about $317,000. Citigroup Inc. increased its position in shares of Bloomin’ Brands by 120.2% during the fourth quarter. Citigroup Inc. now owns 1,661,771 shares of the restaurant operator’s stock valued at $34,864,000 after acquiring an additional 907,013 shares during the last quarter. Chartwell Investment Partners LLC increased its position in shares of Bloomin’ Brands by 19.9% during the first quarter. Chartwell Investment Partners LLC now owns 219,977 shares of the restaurant operator’s stock valued at $4,826,000 after acquiring an additional 36,578 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Bloomin’ Brands by 136.6% during the fourth quarter. GSA Capital Partners LLP now owns 57,583 shares of the restaurant operator’s stock valued at $1,208,000 after acquiring an additional 33,242 shares during the last quarter.
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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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