Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Stock analysts at William Blair boosted their Q4 2017 earnings per share (EPS) estimates for shares of Bloomin’ Brands in a research report issued on Wednesday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.39.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 64.68% and a net margin of 2.29%. Bloomin’ Brands’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. ILLEGAL ACTIVITY WARNING: “Bloomin’ Brands, Inc. Expected to Earn Q4 2017 Earnings of $0.42 Per Share (NASDAQ:BLMN)” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://theolympiareport.com/2017/08/12/bloomin-brands-inc-expected-to-earn-q4-2017-earnings-of-0-42-per-share-nasdaqblmn-updated.html.

Several other research analysts also recently commented on BLMN. TheStreet downgraded Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. BidaskClub downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Raymond James Financial, Inc. set a $24.00 target price on Bloomin’ Brands and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG raised their target price on Bloomin’ Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.00.

Bloomin’ Brands (NASDAQ:BLMN) traded down 2.09% on Monday, reaching $17.31. The company had a trading volume of 1,158,054 shares. Bloomin’ Brands has a 12-month low of $15.82 and a 12-month high of $22.16. The stock has a market capitalization of $1.71 billion, a P/E ratio of 19.19 and a beta of 0.73. The stock’s 50-day moving average price is $20.60 and its 200-day moving average price is $19.49.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 annualized dividend and a dividend yield of 1.81%. Bloomin’ Brands’s payout ratio is currently 35.56%.

Bloomin’ Brands declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 26th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Bloomin’ Brands by 0.4% in the first quarter. Principal Financial Group Inc. now owns 53,124 shares of the restaurant operator’s stock valued at $1,048,000 after buying an additional 202 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Bloomin’ Brands by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 10,100 shares of the restaurant operator’s stock valued at $182,000 after buying an additional 300 shares during the last quarter. US Bancorp DE boosted its stake in Bloomin’ Brands by 0.5% in the first quarter. US Bancorp DE now owns 63,477 shares of the restaurant operator’s stock valued at $1,252,000 after buying an additional 306 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Bloomin’ Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 693 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Bloomin’ Brands by 3.5% in the second quarter. Bank of Montreal Can now owns 35,703 shares of the restaurant operator’s stock valued at $758,000 after buying an additional 1,221 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Bloomin’ Brands Company Profile

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.

Earnings History and Estimates for Bloomin` Brands (NASDAQ:BLMN)

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