At the last check on Friday, Bloomin’ Brands Inc.’s (NASDAQ:BLMN) stock was up $1.85, moving up 7.22 percent to $27.47. The average number of shares traded per day over the past five days has been 2,427,489 shares. 3 times new highs have been achieved over the past 5 days, with a $2.44 gain in that time frame. In the last twenty days, the average volume was 2,081,207, while in the previous 50 days, it was 1,694,843.
Since last month, BLMN stock retreated -2.62%. Shares of the company fell to $24.43 on 08/11/23, the lowest level in the past month. A 52-week high of $28.67 was reached on 07/20/23 after having rallying from a 52-week low of $17.96. Since the beginning of this year, BLMN’s stock price has risen by 36.53% or $7.33, and marked a new high 16 times. However, the stock has declined by -4.19% since its 52-week high.
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BLMN stock investors should be aware that Bloomin’ Brands Inc. (BLMN) stock had its last reported insider trading activity 177 days ago on Feb 22. SMITH ELIZABETH A, the Director of the company, disposed of 64,295 shares for $27.89 on Feb 22. It resulted in a $1,793,188 divestment by the insider. GAINOR JOHN P JR sold 35,000 shares at an average price of $27.18 on Feb 21. The insider now owns 16,500 shares following the transaction. On Nov 21, Director SMITH ELIZABETH A sold 203,032 shares at $22.93 apiece. The transaction was valued at $4,655,019.
Valuation Metrics
Right now, Bloomin’ Brands Inc. (BLMN) has a P/E ratio of about 10.65. The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 6.59, and the price-to-cash flow ratio of 14.23 may also be considered.
The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24. On Tuesday February 7 2023, a $0.10 dividend increase was announced.
Financial Health
In the three months ended June 29, Bloomin’ Brands Inc.’s quick ratio stood at 0.20, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.09, and the total debt-to-equity ratio was 2.10. On the profitability front, the trailing twelve-month gross margin is 69.30% percent. In the year ended June 29, EBITDA margin amounted to 13.55%, whereas operating margins totaled 7.60%. Based on annual data, BLMN earned $1.81 billion in gross profit and brought in $4.42 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.30%. Return on equity (ROE) for the past 12 months was 83.30%.
In Bloomin’ Brands Inc.’s quarter-end financial report for June 29, it reported total debt of $764.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BLMN’s revenue rose 2.39% to $1.24 billion during the quarter, while net income inched up to $1.15 billion. While analysts expected Bloomin’ Brands Inc. to report $0.64 quarterly earnings, the actual figure was $0.74 per share, beating the consensus estimate by 15.60%. During the quarter, the company generated $143.16 million in EBITDA. The liabilities of Bloomin’ Brands Inc. were 2.9 billion at the end of its most recent quarter ended June 29, and its total debt was $2.09 billion. The value of shareholders’ equity is $87.1 million.
Technical Picture
This quick technical analysis looks at Bloomin’ Brands Inc.’s (BLMN) price momentum. With a historical volatility rate of 49.53%, the RSI 9-day stood at 61.88% on 17 August.
With respect to its five-day moving average, the current Bloomin’ Brands Inc. price is up by +9.78% percent or $2.44. At present, BLMN shares trade -1.24% below its 20-day simple moving average and +9.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.55% above its SMA50 and +14.35% above its SMA200.
Stochastic coefficient K was 58.86% and Stochastic coefficient D was 47.96%, while ATR was 1.12. Given the Stochastic reading of 81.36% for the 14-day period, the RSI (14) reading has been calculated as 57.80%. As of today, the MACD Oscillator reading stands at 0.56, while the 14-day reading stands at 0.78.
Analyst Ratings
Bloomin’ Brands Inc. downgraded its rating on Bloomin’ Brands Inc. (NASDAQ: BLMN) to a Mkt perform in a note to investors on August 02, 2023. The analysts firm previously had an Outperform rating on the stock.
