Bloomin’ Brands (BLMN) Receiving Somewhat Positive Media Coverage, Study Shows
Press coverage about Bloomin’ Brands (NASDAQ:BLMN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bloomin’ Brands earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 45.9583254106017 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Bloomin’ Brands (NASDAQ:BLMN) traded up 1.108% during mid-day trading on Friday, reaching $17.795. The company’s stock had a trading volume of 813,130 shares. The stock has a 50 day moving average of $19.39 and a 200-day moving average of $19.47. The stock has a market cap of $1.76 billion, a P/E ratio of 19.728 and a beta of 0.72. Bloomin’ Brands has a one year low of $15.82 and a one year high of $22.16.
Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts expect that Bloomin’ Brands will post $1.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio is currently 35.56%.
Bloomin’ Brands declared that its board has approved a stock repurchase plan on Wednesday, April 26th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Several research analysts have commented on BLMN shares. Zacks Investment Research downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Wells Fargo & Company downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a report on Friday, May 19th. Morgan Stanley raised their price objective on Bloomin’ Brands from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and set a $24.00 price objective (up from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. Finally, ValuEngine downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.86.
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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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