The stock of Bloomin’ Brands Inc. (NASDAQ:BLMN) increased by $0.94 on Tuesday to $26.14, up 3.71 percent. The last five days have seen an average of 2,302,170 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $5.89. The average number of shares traded over the last 20 days was 1,869,162, while the average volume over the last 50 days totaled 1,625,735.
BLMN stock dropped -5.38% since last month. On 08/11/23, the company’s shares reached a one-month low of $24.43. The stock touched a high of $28.67 on 07/20/23, after rallying from a low of $17.96 in 52 weeks. The price of BLMN stock has risen by 29.90% or $5.89 this year, reaching a new high 16 times. Still, the stock price is down -8.84% from the 52-week high.
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Insider Transactions
BLMN stock investors should be aware that Bloomin’ Brands Inc. (BLMN) stock had its last reported insider trading activity 174 days ago on Feb 22. On Feb 22, Director SMITH ELIZABETH A sold 64,295 shares at $27.89 each. This transaction resulted in the insider making $1,793,188. On Feb 21, GAINOR JOHN P JR sold 35,000 shares at a price of US$27.18. After the transaction, the insider now owns 16,500 shares. Director SMITH ELIZABETH A had earlier sold 203,032 shares on Nov 21 for $22.93 a share. The transaction was completed for $4,655,019.
Valuation Metrics
Bloomin’ Brands Inc. (BLMN) has a trailing price-to-earnings (P/E) ratio of 10.13. Beta for the stock is 1.92. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 6.27, and the price-to-cash flow ratio of 13.53.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year. A $0.10 dividend increase was reported on Tuesday February 7 2023.
Financial Health
For the three months ended June 29, Bloomin’ Brands Inc.’s quick ratio was 0.20, while its current ratio was 0.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.09, and the total debt to equity ratio is 2.10. As far as profitability goes, gross margin for the trailing twelve months is 69.30% percent. Bloomin’ Brands Inc.’s EBITDA margin for the year ended June 29 was 13.55%, whereas its operating margin stood at 7.60% for the same period. Based on annual data, it had gross profit of $1.81 billion and revenue of $4.42 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BLMN’s return on assets (ROA) during the last 12 months has been 7.70%. There was a 16.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 83.30%.
Earnings Surprise
According to Bloomin’ Brands Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.15 billion, while revenues rose by 2.39% to $1.24 billion. It was predicted that Bloomin’ Brands Inc.’s quarterly earnings would be $0.74, but it ended up being $0.64, beating the consensus by 15.60%. EBITDA was $143.16 million for the quarter. At the end of Bloomin’ Brands Inc.’s most recent quarter ended June 29, its liabilities totaled 2.9 billion, while its total debt was $2.09 billion. Equity owned by shareholders amounts to $87.1 million.
Technical Picture
Here’s a quick look at Bloomin’ Brands Inc.’s (BLMN) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 49.47%, suggesting the stock is Neutral, with a 31.00% historical volatility rate.
The stochastic %K and %D were 24.36% and 24.54% respectively, while the average true range (ATR) was 0.95. Based on the 14-day stochastic reading of 39.40%, the RSI (14) reading is 48.00%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at -0.51.
Analyst Ratings
Bloomin’ Brands Inc. (NASDAQ: BLMN) was downgraded by William Blair to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Bloomin’ Brands Inc. (BLMN) an Overweight rating. BLMN is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is BLMN’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.00 and $35.00, with a median target price of $29.00. In analyzing these forecasts, the average price target given by analysts for Bloomin’ Brands Inc. (BLMN) is $29.73.
