Bloomin' Brands (BLMN) Receives Daily Media Sentiment Score of 0.25
Media coverage about Bloomin' Brands (NASDAQ:BLMN) has been trending positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bloomin' Brands earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 47.4739371786843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- [$$] Jana’s Bloomin’ Union (finance.yahoo.com)
- 676,447 Shares in Bloomin' Brands Inc (BLMN) Acquired by Maverick Capital Ltd. (americanbankingnews.com)
- Dine Rewards™ Sweetens The Meal With A Chance To Dine Free For A Year At Outback Steakhouse, Carrabba’s Italian Grill Or Bonefish Grill (finance.yahoo.com)
- Insider Selling: Bloomin' Brands Inc (BLMN) EVP Sells 19,444 Shares of Stock (americanbankingnews.com)
- Insider Selling: Bloomin' Brands Inc (BLMN) EVP Sells 84,374 Shares of Stock (americanbankingnews.com)
Shares of Bloomin' Brands (NASDAQ:BLMN) opened at $23.74 on Friday. The company has a debt-to-equity ratio of 31.17, a current ratio of 0.36 and a quick ratio of 0.29. Bloomin' Brands has a 12-month low of $16.11 and a 12-month high of $24.43. The firm has a market capitalization of $2,120.00, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.67 and a beta of 0.44.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Monday, March 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.36 annualized dividend and a yield of 1.52%. This is an increase from Bloomin' Brands’s previous quarterly dividend of $0.08. Bloomin' Brands’s payout ratio is presently 32.00%.
Bloomin' Brands announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Several brokerages have issued reports on BLMN. Deutsche Bank raised Bloomin' Brands from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub raised Bloomin' Brands from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. William Blair reaffirmed a “market perform” rating on shares of Bloomin' Brands in a research note on Monday, January 22nd. Barclays reaffirmed an “overweight” rating and issued a $25.00 target price (up previously from $21.00) on shares of Bloomin' Brands in a research note on Tuesday, January 16th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Bloomin' Brands in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Bloomin' Brands has an average rating of “Hold” and an average price target of $22.78.
In related news, Chairman Elizabeth A. Smith sold 375,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $20.79, for a total transaction of $7,796,250.00. Following the completion of the transaction, the chairman now owns 206,235 shares in the company, valued at $4,287,625.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David Peter Schmidt sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $22.50, for a total value of $78,750.00. Following the transaction, the executive vice president now owns 7,916 shares of the company’s stock, valued at approximately $178,110. The disclosure for this sale can be found here. Insiders sold 727,829 shares of company stock valued at $16,125,400 in the last quarter. Corporate insiders own 7.04% of the company’s stock.
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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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