Bloomin’ Brands Inc (NASDAQ:BLMN) saw a significant decrease in short interest in November. As of November 29th, there was short interest totalling 2,940,000 shares, a decrease of 31.5% from the November 14th total of 4,290,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 2.8 days. Currently, 3.7% of the shares of the stock are sold short.
NASDAQ:BLMN traded up $0.14 during trading hours on Thursday, hitting $22.08. 957,384 shares of the stock traded hands, compared to its average volume of 1,485,979. The firm has a 50 day moving average price of $22.17 and a 200 day moving average price of $19.22. The company has a current ratio of 0.27, a quick ratio of 0.17 and a debt-to-equity ratio of 15.62. Bloomin’ Brands has a fifty-two week low of $15.12 and a fifty-two week high of $24.29. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.42 and a beta of 0.34.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Wednesday, November 6th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Bloomin’ Brands had a net margin of 2.75% and a return on equity of 89.62%. The company had revenue of $967.14 million for the quarter, compared to the consensus estimate of $967.04 million. During the same period in the previous year, the business earned $0.08 EPS. The company’s revenue was up .2% on a year-over-year basis. Research analysts predict that Bloomin’ Brands will post 1.57 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.10 per share. This is an increase from Bloomin’ Brands’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, November 15th. Bloomin’ Brands’s payout ratio is 26.67%.
Several research firms have issued reports on BLMN. ValuEngine raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Monday, September 16th. Zacks Investment Research raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley dropped their price target on Bloomin’ Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. MKM Partners set a $20.00 price target on Bloomin’ Brands and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Goldman Sachs Group began coverage on Bloomin’ Brands in a report on Thursday. They issued a “buy” rating and a $25.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Bloomin’ Brands currently has an average rating of “Hold” and an average price target of $21.55.
A number of large investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY raised its stake in Bloomin’ Brands by 9.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 27,309 shares of the restaurant operator’s stock valued at $517,000 after purchasing an additional 2,346 shares during the period. Squarepoint Ops LLC raised its stake in Bloomin’ Brands by 194.6% during the 3rd quarter. Squarepoint Ops LLC now owns 103,100 shares of the restaurant operator’s stock valued at $1,952,000 after purchasing an additional 68,105 shares during the period. Voloridge Investment Management LLC acquired a new stake in Bloomin’ Brands during the 3rd quarter valued at $819,000. Public Employees Retirement System of Ohio raised its stake in Bloomin’ Brands by 16.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 160,330 shares of the restaurant operator’s stock valued at $3,035,000 after purchasing an additional 22,631 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in Bloomin’ Brands by 973.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 467,980 shares of the restaurant operator’s stock valued at $8,859,000 after purchasing an additional 424,380 shares during the period. 94.18% of the stock is currently owned by institutional investors.
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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