Bloomin' Brands Inc (NASDAQ:BLMN)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $22.58 and last traded at $22.33, with a volume of 750300 shares traded. The stock had previously closed at $21.83.

Several equities analysts have recently commented on the stock. Raymond James Financial downgraded shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Wednesday, December 6th. Citigroup downgraded shares of Bloomin' Brands to a “market perform” rating in a report on Wednesday, December 6th. BidaskClub cut shares of Bloomin' Brands from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Bloomin' Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group restated a “hold” rating and issued a $23.00 price target on shares of Bloomin' Brands in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Bloomin' Brands has a consensus rating of “Hold” and a consensus price target of $21.36.

The stock has a market cap of $2,090.00, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.64. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17.

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

In other Bloomin' Brands news, EVP David J. Deno sold 41,097 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $22.00, for a total transaction of $904,134.00. Following the transaction, the executive vice president now owns 15,135 shares in the company, valued at $332,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher W. Brandt sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $20.47, for a total transaction of $511,750.00. Following the transaction, the executive vice president now owns 4,416 shares in the company, valued at approximately $90,395.52. The disclosure for this sale can be found here. Insiders have sold 551,878 shares of company stock worth $11,131,099 in the last quarter. Company insiders own 7.04% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BLMN. Jana Partners LLC purchased a new stake in shares of Bloomin' Brands during the third quarter valued at $73,480,000. Earnest Partners LLC boosted its stake in shares of Bloomin' Brands by 1.7% during the third quarter. Earnest Partners LLC now owns 4,023,699 shares of the restaurant operator’s stock valued at $70,817,000 after purchasing an additional 68,511 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Bloomin' Brands by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock valued at $52,097,000 after purchasing an additional 23,110 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Bloomin' Brands by 0.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,270,893 shares of the restaurant operator’s stock valued at $39,968,000 after purchasing an additional 8,286 shares during the period. Finally, State Street Corp boosted its stake in shares of Bloomin' Brands by 2.3% during the second quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock valued at $45,931,000 after purchasing an additional 48,043 shares during the period.

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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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