Bloomin’ Brands Inc (NASDAQ:BLMN) EVP David Peter Schmidt sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $19.17, for a total transaction of $67,095.00. Following the transaction, the executive vice president now owns 4,828 shares of the company’s stock, valued at $92,552.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of BLMN opened at $19.26 on Wednesday. Bloomin’ Brands Inc has a one year low of $16.11 and a one year high of $25.00. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.47 and a beta of 0.38. The company has a debt-to-equity ratio of 12.18, a current ratio of 0.39 and a quick ratio of 0.32.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.38 EPS for the quarter, beating the consensus estimate of $0.30 by $0.08. Bloomin’ Brands had a net margin of 2.70% and a return on equity of 215.75%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The company’s revenue was down .4% on a year-over-year basis. sell-side analysts anticipate that Bloomin’ Brands Inc will post 1.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 9th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 26.47%.

Several research analysts have commented on the stock. ValuEngine upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. BidaskClub downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. Finally, Barclays boosted their price objective on shares of Bloomin’ Brands from $28.00 to $29.00 and gave the company a “$21.25” rating in a research report on Wednesday, July 18th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.00.

Large investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Bloomin’ Brands during the first quarter worth $2,231,000. Royal Bank of Canada increased its holdings in shares of Bloomin’ Brands by 48.3% during the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock worth $201,000 after buying an additional 2,693 shares in the last quarter. Rothschild Asset Management Inc. increased its holdings in shares of Bloomin’ Brands by 0.8% during the second quarter. Rothschild Asset Management Inc. now owns 1,454,071 shares of the restaurant operator’s stock worth $29,227,000 after buying an additional 11,534 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Bloomin’ Brands by 33.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 112,760 shares of the restaurant operator’s stock worth $2,738,000 after buying an additional 28,546 shares in the last quarter. Finally, Reinhart Partners Inc. increased its holdings in shares of Bloomin’ Brands by 5.2% during the second quarter. Reinhart Partners Inc. now owns 151,620 shares of the restaurant operator’s stock worth $3,048,000 after buying an additional 7,530 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.

Bloomin’ Brands 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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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Insider Buying and Selling by Quarter for Bloomin` Brands (NASDAQ:BLMN)

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