Bloomin’ Brands (BLMN) Receiving Somewhat Favorable Press Coverage, Accern Reports
News coverage about Bloomin’ Brands (NASDAQ:BLMN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bloomin’ Brands earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 47.1393780975439 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts recently commented on BLMN shares. Barclays raised their price objective on Bloomin’ Brands from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, April 27th. JPMorgan Chase & Co. raised their price objective on Bloomin’ Brands from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 1st. BidaskClub raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. ValuEngine downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Finally, Zacks Investment Research downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Bloomin’ Brands has a consensus rating of “Hold” and an average price target of $24.00.
BLMN opened at $19.10 on Friday. Bloomin’ Brands has a 1 year low of $16.11 and a 1 year high of $25.00. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.48 and a beta of 0.38. The company has a debt-to-equity ratio of 12.18, a quick ratio of 0.32 and a current ratio of 0.39.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Thursday, August 9th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Wednesday, August 8th. Bloomin’ Brands’s dividend payout ratio is 26.47%.
In other Bloomin’ Brands news, CEO Elizabeth A. Smith sold 100,000 shares of Bloomin’ Brands stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $22.18, for a total value of $2,218,000.00. Following the sale, the chief executive officer now owns 244,152 shares of the company’s stock, valued at approximately $5,415,291.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Elizabeth A. Smith sold 68,222 shares of Bloomin’ Brands stock in a transaction dated Monday, June 25th. The shares were sold at an average price of $22.12, for a total value of $1,509,070.64. Following the completion of the sale, the chairman now directly owns 210,174 shares in the company, valued at approximately $4,649,048.88. The disclosure for this sale can be found here. Insiders sold a total of 686,831 shares of company stock worth $14,667,707 in the last three months. Company insiders own 7.47% of the company’s stock.
About Bloomin’ Brands
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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