Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bloomin’ Brands (BLMN) Share Price
News stories about Bloomin’ Brands (NASDAQ:BLMN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bloomin’ Brands earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 46.7003683350227 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Bloomin’ Brands, Inc. (BLMN) Downgraded to Neutral at Bank of America Corporation (americanbankingnews.com)
- Technical Indicators under Review: Bloomin’ Brands Inc (NASDAQ: BLMN) – Alpha Beta Stock (alphabetastock.com)
- BRIEF-Bloomin’ Brands says to consider “perspectives” in Jana Partners’ SEC filing (feeds.reuters.com)
- Keep an Eyeball on EPS Estimate for the Current year: Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Market Breaking Point (press release) (journalfinance.net)
- Wall Street’s M&A Chatter From Nov. 20: Marvell Technology, Aetna, Bloomin’ Brands, AT&T – Benzinga (benzinga.com)
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Bank of America Corporation cut shares of Bloomin’ Brands from a “buy” rating to a “neutral” rating in a research report on Wednesday. BMO Capital Markets cut their price objective on shares of Bloomin’ Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Finally, Credit Suisse Group cut their price objective on shares of Bloomin’ Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.00.
Shares of Bloomin’ Brands (NASDAQ:BLMN) traded up $0.29 during trading hours on Wednesday, reaching $20.83. 3,929,600 shares of the company’s stock traded hands, compared to its average volume of 1,539,149. 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 has a 52-week low of $16.11 and a 52-week high of $22.16. The company has a market cap of $1,874.68, a PE ratio of 16.43, a PEG ratio of 1.35 and a beta of 0.54.
Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS 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 for the quarter, compared to the consensus estimate of $944.30 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. research analysts expect that Bloomin’ Brands will post 1.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Bloomin’ Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 10th. Bloomin’ Brands’s dividend payout ratio is presently 41.56%.
In other news, CEO Elizabeth A. Smith sold 1,700 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $17.00, for a total value of $28,900.00. Following the sale, the chief executive officer now directly owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $17.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chairman now directly owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. 7.04% of the stock is currently owned by corporate insiders.
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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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