On Thursday, Shares of Bloomin’ Brands (NASDAQ: BLMN) gained 0.15% to $19.85. The stock grabbed the investor’s attention and traded 1.914M shares as compared to its average daily volume of 1.74M shares. The stock’s institutional ownership stands at 97.80%.
Bloomin’ Brands Inc. (BLMN) stated first-quarter earnings of $64.30M. On a per-share basis, the Tampa, Florida-based company said it had net income of 69 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share. The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The owner of Outback Steakhouse and other casual dining spots posted revenue of $1.13B in the period, meeting Street forecasts.
BLMN has a market value of $1.72B while its EPS was booked as $1.14 in the last 12 months. The stock has 91.01M shares outstanding. In the profitability analysis, the company has gross profit margin of 68.70% while net profit margin was 2.60%. Beta value of the company was 0.36; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.