Bloomin’ Brands (NASDAQ:BLMN) released its earnings results on Thursday. The restaurant operator reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13, Bloomberg Earnings reports. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. Bloomin’ Brands had a net margin of 2.91% and a return on equity of 234.99%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Bloomin’ Brands updated its FY18 guidance to $1.38-$1.45 EPS.

Bloomin’ Brands stock opened at $24.11 on Friday. The company has a market cap of $2,229.46, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 1.74 and a beta of 0.38. Bloomin’ Brands has a 52-week low of $16.11 and a 52-week high of $25.00. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 22.07.

A number of analysts have weighed in on BLMN shares. Zacks Investment Research raised shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Goldman Sachs reissued a “sell” rating on shares of Bloomin’ Brands in a research report on Friday, January 19th. Barclays reissued an “overweight” rating and set a $25.00 target price (up previously from $21.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 16th. Finally, TheStreet raised shares of Bloomin’ Brands from a “c” rating to a “b-” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus target price of $22.89.

In other Bloomin’ Brands news, EVP Michael Kappitt sold 19,444 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $23.75, for a total transaction of $461,795.00. Following the transaction, the executive vice president now directly owns 29,437 shares in the company, valued at approximately $699,128.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Elizabeth A. Smith sold 241,163 shares of the stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $24.19, for a total value of $5,833,732.97. Following the transaction, the chairman now owns 294,152 shares in the company, valued at $7,115,536.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,646,864 shares of company stock worth $40,050,895 over the last 90 days. Company insiders own 7.47% of the company’s stock.

Bloomin’ Brands declared that its board has initiated a share repurchase program on Thursday, February 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.

Earnings History for Bloomin` Brands (NASDAQ:BLMN)

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