Bloomin’ Brands, Inc. (NASDAQ:BLMN) Chairman Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $17.00, for a total transaction of $1,700,000.00. Following the sale, the chairman now directly owns 82,935 shares in the company, valued at $1,409,895. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded down $0.04 during midday trading on Friday, reaching $16.98. 910,500 shares of the company traded hands, compared to its average volume of 1,494,906. Bloomin’ Brands, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $22.16. The firm has a market capitalization of $1,590.00, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.11 and a beta of 0.54. The company has a debt-to-equity ratio of 31.17, a current ratio of 0.36 and a quick ratio of 0.28.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). Bloomin’ Brands had a net margin of 1.93% and a return on equity of 94.30%. The business had revenue of $948.90 million during the quarter, compared to analyst estimates of $944.30 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. equities research analysts anticipate that Bloomin’ Brands, Inc. will post 1.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be issued a $0.08 dividend. This is a positive change from Bloomin’ Brands’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, November 10th. Bloomin’ Brands’s dividend payout ratio is currently 41.56%.

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Several analysts have weighed in on the stock. BidaskClub cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the stock a “buy” rating in a research report on Thursday, July 27th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Barclays PLC reduced 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 report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Bloomin’ Brands presently has an average rating of “Hold” and a consensus price target of $21.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLMN. UBS Asset Management Americas Inc. lifted its holdings in Bloomin’ Brands by 24.0% in the first quarter. UBS Asset Management Americas Inc. now owns 80,092 shares of the restaurant operator’s stock valued at $1,580,000 after buying an additional 15,518 shares during the period. Principal Financial Group Inc. lifted its holdings in Bloomin’ Brands by 0.4% in the first quarter. Principal Financial Group Inc. now owns 53,124 shares of the restaurant operator’s stock valued at $1,048,000 after buying an additional 202 shares during the period. Teachers Advisors LLC lifted its holdings in Bloomin’ Brands by 4.2% in the first quarter. Teachers Advisors LLC now owns 208,724 shares of the restaurant operator’s stock valued at $4,118,000 after buying an additional 8,400 shares during the period. California Public Employees Retirement System lifted its holdings in Bloomin’ Brands by 16.1% in the first quarter. California Public Employees Retirement System now owns 69,400 shares of the restaurant operator’s stock valued at $1,369,000 after buying an additional 9,600 shares during the period. Finally, Legal & General Group Plc raised its holdings in Bloomin’ Brands by 4.9% in the first quarter. Legal & General Group Plc now owns 116,837 shares of the restaurant operator’s stock worth $2,305,000 after purchasing an additional 5,407 shares during the period.

Bloomin’ Brands Company Profile

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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