Bloomin’ Brands, Inc. (BLMN) Declares Dividend Increase – $0.08 Per Share
Bloomin’ Brands, Inc. (NASDAQ:BLMN) announced a dividend on Friday, November 3rd, Fidelity reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.08 per share by the restaurant operator on Wednesday, November 22nd. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Bloomin’ Brands’s previous dividend of $0.06.
Shares of Bloomin’ Brands (BLMN) traded down $0.30 during mid-day trading on Friday, hitting $17.30. 3,944,971 shares of the stock traded hands, compared to its average volume of 1,056,285. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market cap of $1.62 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.01 and a beta of 0.54.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $948.90 million for the quarter, compared to analyst estimates of $944.30 million. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. equities research analysts expect that Bloomin’ Brands will post 1.39 EPS for the current year.
BLMN has been the topic of several recent research reports. Deutsche Bank AG reissued a “hold” rating and set a $24.00 price target (up previously from $21.00) on shares of Bloomin’ Brands in a research report on Monday, July 10th. BidaskClub cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the company a “buy” rating in a research report on Thursday, July 27th. TheStreet cut shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $20.78.
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About Bloomin’ Brands
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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