As of Thursday close, Bloomin’ Brands Inc.’s (NASDAQ:BLMN) stock was down -$0.45, moving down -1.76 percent to $25.07. The average number of shares traded per day over the past five days has been 1,608,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.03 fall in that time frame. In the last twenty days, the average volume was 1,318,675, while in the previous 50 days, it was 1,704,284.
Since last month, BLMN stock retreated -9.43%. Shares of the company fell to $25.06 on 09/21/23, 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 24.60% or $4.95, and marked a new high 16 times. However, the stock has declined by -12.56% 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 212 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 9.72. The stock’s beta is 1.91. Besides these, the trailing price-to-sales (P/S) ratio of 0.49, the price-to-book (PB) ratio of 6.01, and the price-to-cash flow ratio of 12.75 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 20.66%, the RSI 9-day stood at 31.03% on 21 September.
With respect to its five-day moving average, the current Bloomin’ Brands Inc. price is down by -7.49% percent or -$2.03. At present, BLMN shares trade -10.40% below its 20-day simple moving average and +1.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.17% below its SMA50 and +18.03% above its SMA200.
Stochastic coefficient K was 3.85% and Stochastic coefficient D was 6.91%, while ATR was 0.77. Given the Stochastic reading of 0.30% for the 14-day period, the RSI (14) reading has been calculated as 37.60%. As of today, the MACD Oscillator reading stands at -0.80, while the 14-day reading stands at -1.18.
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.Bloomin’ Brands Inc. (BLMN) has been rated Hold by analysts. According to 0 brokerage firms, BLMN is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Bloomin’ Brands Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $29.50, the current consensus forecast for the stock is $27.00 – $35.00. Based on these forecasts, analysts predict Bloomin’ Brands Inc. (BLMN) will achieve an average price target of $29.80.
