Bloomin’ Brands Inc (NASDAQ:BLMN) to Issue Dividend Increase – $0.10 Per Share

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Bloomin’ Brands Inc (NASDAQ:BLMN) declared a dividend on Thursday, October 24th, Fidelity reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.10 per share by the restaurant operator on Wednesday, November 27th. The ex-dividend date is Friday, November 15th. This is a positive change from Bloomin’ Brands’s previous dividend of $0.06.

Shares of NASDAQ:BLMN opened at $23.19 on Thursday. The business’s 50-day moving average is $19.64 and its 200-day moving average is $18.78. Bloomin’ Brands has a 1 year low of $15.12 and a 1 year high of $23.53. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.27 and a quick ratio of 0.17. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.49 and a beta of 0.31.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Bloomin’ Brands had a return on equity of 89.62% and a net margin of 2.75%. The business had revenue of $967.14 million for the quarter, compared to the consensus estimate of $967.04 million. During the same period in the prior year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Bloomin’ Brands will post 1.57 EPS for the current year.

A number of research firms recently weighed in on BLMN. Deutsche Bank downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating and dropped their price target for the stock from $23.00 to $21.00 in a research note on Monday, October 14th. Morgan Stanley dropped their price target on Bloomin’ Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, October 18th. ValuEngine raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. Loop Capital began coverage on Bloomin’ Brands in a research note on Monday, July 22nd. They set a “buy” rating and a $22.00 price target on the stock. Finally, TheStreet downgraded Bloomin’ Brands from a “b-” rating to a “c+” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.80.

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.

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Dividend History for Bloomin` Brands (NASDAQ:BLMN)

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