Today: The Bloomin’ Brands Inc. Plans Quarterly Dividend of $0.07 (blmn)

The Bloomin’ Brands Inc. Plans Quarterly Dividend of $0.07 (blmn)

Bloomin’ Brands Inc. (NASDAQ:blmn) declared a quarterly dividend on Friday, October 28th. Investors of record on Wednesday, November 9th will be given a dividend of 0.07 per share on Tuesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, November 7th.

Bloomin’ Brands (NASDAQ:BLMN) opened at 17.29 on Monday. The company’s 50 day moving average price is $17.50 and its 200-day moving average price is $18.39. The company has a market capitalization of $1.89 billion, a P/E ratio of 32.26 and a beta of 0.84. Bloomin’ Brands has a 12-month low of $14.91 and a 12-month high of $19.89.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Bloomin’ Brands had a return on equity of 41.23% and a net margin of 1.48%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $0.15 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts forecast that Bloomin’ Brands will post $1.32 earnings per share for the current fiscal year.

In related news, EVP Michael Kappitt sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $19.50, for a total value of $195,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Chris Thomas Sullivan sold 133,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $19.02, for a total value of $2,529,660.00. The disclosure for this sale can be found here. 6.68% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of BLMN. BlackRock Japan Co. Ltd increased its position in Bloomin’ Brands by 1,373.0% in the second quarter. BlackRock Japan Co. Ltd now owns 6,702 shares of the company’s stock valued at $120,000 after buying an additional 6,247 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Bloomin’ Brands during the second quarter valued at approximately $371,000. Cantab Capital Partners LLP increased its position in Bloomin’ Brands by 3.1% in the second quarter. Cantab Capital Partners LLP now owns 21,556 shares of the company’s stock valued at $385,000 after buying an additional 643 shares during the last quarter. Guggenheim Capital LLC increased its position in Bloomin’ Brands by 6.5% in the second quarter. Guggenheim Capital LLC now owns 23,406 shares of the company’s stock valued at $418,000 after buying an additional 1,429 shares during the last quarter. Finally, Engineers Gate Manager LP increased its position in Bloomin’ Brands by 39.0% in the second quarter. Engineers Gate Manager LP now owns 23,761 shares of the company’s stock valued at $425,000 after buying an additional 6,661 shares during the last quarter. Institutional investors and hedge funds own 93.49% of the company’s stock.

A number of research firms recently weighed in on BLMN. Zacks Investment Research raised Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, July 13th. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $21.00 price target on shares of Bloomin’ Brands in a research note on Friday, July 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $22.00 price target on shares of Bloomin’ Brands in a research note on Tuesday, August 2nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $20.92.

About Bloomin’ Brands

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