Earnings Guidance on Bloomin Brands, Inc.(BLMN)

Earnings Guidance on Bloomin Brands, Inc.(BLMN)

The latest exchange of 3.54 Million shares is above its average trading activity of 2.72 Million shares. The company had revenue of $1004.10 million for the quarter, compared to analysts expectations of $1019.45 million. Hedge funds and other institutional investors own 95.31% of the company's stock. Finally, Jefferies Group LLC reissued a "hold" rating on shares of Bloomin' Brands in a report on Tuesday, January 3rd.

Separately, J P Morgan Chase & Co cut Bloomin' Brands from an "overweight" rating to a "neutral" rating in a research note on Tuesday.

Bloomin' Brands is suffering from an industry-wide slowdown, that many analysts fear could be the beginning of a restaurant recession.

Credit Suisse Downgrade its coverage for Bloomin' Brands, Inc. Bloomin' Brands, Inc. The stock touched its 52-Week High on Nov 11, 2016 and 52-Week Low on Oct 28, 2016.

Bloomin' Brands, the parent company of the Outback Steakhouse, Carrabba's, Bonefish Grill, and Fleming's Steakhouse chains, announced plans to close multiple restaurants. The stock gained a consensus recommendation of 2.37 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The stock is now moving above its 20-Day Simple Moving Average of -4.35% with the 50-Day Simple Moving Average of -4.35 percent.

Bloomin' Brands, Inc. (NASDAQ:BLMN) now has a consensus Price Target of $19.89. The Stock now has the market capitalization of $1.71 Billion, P/E (price to earnings ttm) of 32.06 and Weekly volatility of 4.55% and monthly volatility of 2.75% respectively.

The firm also recently disclosed a dividend, which will be paid on Friday, March 10th. If you are reading this news story on another site, it was illegally copied and reposted in violation of USA & worldwide copyright and trademark legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/02/24/bloomin-brands-inc-blmn-upgraded-to-hold-at-zacks-investment-research.html. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.79%. This is a boost from Bloomin' Brands's previous quarterly dividend of $0.06. Bloomin' Brands's payout ratio is presently 52.83%.

Bloomin' Brands Inc (NASDAQ:BLMN) is expected to release the earnings of its current quarter on 4/25/17. Royal Bank of Canada raised its stake in shares of Bloomin' Brands by 73.5% in the second quarter. Tudor Investment Corp Et Al now owns 12,800 shares of the company's stock valued at $231,000 after buying an additional 429 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth approximately $249,000.

Many Analysts provided their foresight on Revenue Estimates of Bloomin' Brands, Inc. where they believe that the company has the potential to earn average revenue of $1.14 Billion for the current quarter.

In New Jersey, one Bonefish Grill, three Carrabba's, and one Outback restaurant have closed. The company has a mix of owned and franchised restaurants in 48 states, as well as Puerto Rico and 20 countries.

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