Somewhat Positive News Coverage Somewhat Unlikely to Affect Bloomin’ Brands (BLMN) Share Price
News articles about Bloomin’ Brands (NASDAQ:BLMN) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing 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 news sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.2671346975541 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities analysts have commented on the stock. BidaskClub upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. Raymond James upgraded shares of Bloomin’ Brands from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Tuesday, July 17th. Zacks Investment Research downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $18.00 target price for the company in a report on Tuesday, September 11th. Finally, Bank of America reduced their target price on Bloomin’ Brands from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.33.
Bloomin’ Brands stock traded up $0.75 during midday trading on Friday, reaching $19.29. The company’s stock had a trading volume of 1,563,830 shares, compared to its average volume of 999,043. Bloomin’ Brands has a fifty-two week low of $16.30 and a fifty-two week high of $25.00. 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 has a market cap of $1.72 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.34.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 9th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, August 8th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 26.47%.
In other news, CEO Elizabeth A. Smith sold 100,000 shares of Bloomin’ Brands stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $22.09, for a total transaction of $2,209,000.00. Following the completion of the transaction, the chief executive officer now owns 244,152 shares of the company’s stock, valued at approximately $5,393,317.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Peter Schmidt sold 3,500 shares of Bloomin’ Brands stock in a transaction on Friday, August 24th. The stock was sold at an average price of $19.17, for a total value of $67,095.00. Following the transaction, the executive vice president now directly owns 4,828 shares of the company’s stock, valued at approximately $92,552.76. The disclosure for this sale can be found here. Insiders have sold a total of 590,331 shares of company stock valued at $12,516,802 in the last ninety days. Corporate 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.
Further Reading: What is a Leveraged Buyout (LBO)?
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