Somewhat Positive Press Coverage Somewhat Unlikely to Impact Bloomin’ Brands (BLMN) Stock Price
Press coverage about Bloomin’ Brands (NASDAQ:BLMN) has trended somewhat positive on Monday, Accern reports. The research group scores the sentiment of press 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 one, with scores closest to one being the most favorable. Bloomin’ Brands earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 47.0113793260014 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
NASDAQ:BLMN opened at $19.48 on Monday. Bloomin’ Brands has a fifty-two week low of $16.11 and a fifty-two week high of $25.00. The firm has a market cap of $1.69 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.40 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.
Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. Bloomin’ Brands had a return on equity of 215.75% and a net margin of 2.70%. Bloomin’ Brands’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. sell-side analysts forecast that Bloomin’ Brands will post 1.44 EPS for the current year.
Several analysts recently weighed in on the company. ValuEngine upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. BidaskClub lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Saturday, June 30th. Finally, Wells Fargo & Co decreased their price target on Bloomin’ Brands from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Bloomin’ Brands currently has a consensus rating of “Hold” and an average price target of $24.00.
In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 152,587 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $18.45, for a total value of $2,815,230.15. Following the transaction, the chairman now owns 394,152 shares of the company’s stock, valued at approximately $7,272,104.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $22.18, for a total value of $2,218,000.00. Following the completion of the transaction, the chief executive officer now directly owns 244,152 shares in the company, valued at approximately $5,415,291.36. 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 ninety days. 7.47% of the stock is currently owned by corporate insiders.
Bloomin’ Brands Company Profile
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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