Bloomin Brands Inc (NASDAQ: BLMN) has seen a decline in its stock price by -0.41 in relation to its previous close of 27.02. However, the company has experienced a -1.10% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-17 that TAMPA, Fla.–(BUSINESS WIRE)–Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal first quarter ended March 31, 2024, on Tuesday, May 7, 2024, at approximately 6:45 AM EDT, which will be followed by a conference call to review its financial results at 8:00 AM EDT the same day. The call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call.
Is It Worth Investing in Bloomin Brands Inc (NASDAQ: BLMN) Right Now?
Bloomin Brands Inc (NASDAQ: BLMN) has a higher price-to-earnings ratio of 10.62x compared to its average ratio. BLMN has 36-month beta value of 2.01. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for BLMN is 85.12M, and currently, short sellers hold a 5.83% ratio of that float. The average trading volume of BLMN on April 18, 2024 was 1.31M shares.
BLMN’s Market Performance
The stock of Bloomin Brands Inc (BLMN) has seen a -1.10% decrease in the past week, with a -5.51% drop in the past month, and a 8.18% gain in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.40% for BLMN. The simple moving average for the past 20 days is -2.89% for BLMN’s stock, with a 3.10% simple moving average for the past 200 days.
Analysts’ Opinion of BLMN
Many brokerage firms have already submitted their reports for BLMN stocks, with JP Morgan repeating the rating for BLMN by listing it as a “Neutral.” The predicted price for BLMN in the upcoming period, according to JP Morgan is $26 based on the research report published on January 23, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see BLMN reach a price target of $28, previously predicting the price at $29. The rating they have provided for BLMN stocks is “Outperform” according to the report published on November 06th, 2023.
Deutsche Bank gave a rating of “Hold” to BLMN, setting the target price at $25 in the report published on October 19th of the previous year.
BLMN Trading at -2.84% from the 50-Day Moving Average
After a stumble in the market that brought BLMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.67% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -5.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.66% upper at present.
During the last 5 trading sessions, BLMN fell by -1.10%, which changed the moving average for the period of 200-days by +0.07% in comparison to the 20-day moving average, which settled at $27.63. In addition, Bloomin Brands Inc saw -4.40% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BLMN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.17 for the gross margin
The net margin for Bloomin Brands Inc stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 72.71, with 7.34 for asset returns.
Based on Bloomin Brands Inc (BLMN), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 5.1. The interest coverage ratio of the stock is 6.23.
Currently, EBITDA for the company is 549.89 million with net debt to EBITDA at 3.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 45.42for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
To put it simply, Bloomin Brands Inc (BLMN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
