Bloomin’ Brands Inc. (NASDAQ:BLMN) finished Friday with a subtraction of -$0.71 to close at $26.75, a downside of -2.59 percent. An average of 1,423,120 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 2,322,410 shares traded, while the 50-day average volume stands at 1,755,976.
BLMN stock has decreased by -3.18% in the last month. The company shares reached their 1-month lowest point of $24.43 on 08/11/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $17.96 and a high of $28.67 in 52 weeks. It has reached a new high 16 times so far this year and achieved 32.95% or $6.63 in price. In spite of this, the price is down -6.70% 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 185 days ago on Feb 22. In this transaction, the insider spent $1,793,188. Director, GAINOR JOHN P JR, disposed of 35,000 shares at a price of $27.18 on Feb 21. The insider now owns more than $951,300 worth of shares. Prior to that, Director SMITH ELIZABETH A went on to Sale 203,032 shares at $22.93 each on Nov 21. An amount of $4,655,019 was transacted.
Valuation Metrics
Bloomin’ Brands Inc. (BLMN) has a trailing price-to-earnings (P/E) ratio of 10.37. The stock’s beta is 1.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.47, the price-to-book (PB) ratio at 6.41, and the price-to-cash flow ratio at 12.28.
The company has a payout ratio of 27.00%. The company’s most recent quarterly dividend payment was $0.24 a share, without any change from last year. Its latest increase dividend $0.10 reported on Tuesday February 7 2023.
Financial Health
The quick ratio of Bloomin’ Brands Inc. for the three months ended June 29 was 0.20, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.09 and a total debt to equity ratio of 2.10 for the quarter ending June 29. Bloomin’ Brands Inc.’s EBITDA margin for the year ending June 29 is 13.55%, while its operating margin for the same period stands at 7.60%. Its gross profit as reported stood at $1.81 billion compared to revenue of $4.42 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bloomin’ Brands Inc.’s return on assets was 7.70%.
Earnings Surprise
For the three-month period that ended June 29, Bloomin’ Brands Inc. had $764.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $68.28 million in the quarter, while revenues of $91.31 million were grew 193.2%. The analyst consensus anticipated Bloomin’ Brands Inc.’s latest quarter earnings to come in at $0.64 per share, but it turned out to be $0.74, a 15.60% surprise. For the quarter, EBITDA amounted to $143.16 million. Shareholders own equity worth $87.1 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bloomin’ Brands Inc. (BLMN) price momentum. RSI 9-day as of the close on 25 August was 49.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.32%.
As of today, BLMN’s price is $27.48 -3.95% or -$1.10 from its 5-day moving average. BLMN is currently trading -2.27% lower than its 20-day SMA and +5.90% higher than its 100-day SMA. However, the stock’s current price level is +0.64% above the SMA50 and +16.10% above the SMA200.
The stochastic %K and %D were 75.78% and 81.23%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 59.26% and the average true range at 0.96, the RSI (14) stands at 50.51%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.86.
Analyst Ratings
William Blair downgraded Bloomin’ Brands Inc. (NASDAQ: BLMN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Bloomin’ Brands Inc. (BLMN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BLMN, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is BLMN’s price target for the next 12 months?
Analysts predict a range of price targets between $27.00 and $35.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for Bloomin’ Brands Inc. (BLMN) stock is $29.82.
