The stock of Bloomin Brands Inc (BLMN) has seen a 0.45% increase in the past week, with a -0.30% drop in the past month, and a 4.77% flourish in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.25% for BLMN. The simple moving average for the past 20 days is -1.75% for BLMN’s stock, with a 3.50% simple moving average for the past 200 days.
Is It Worth Investing in Bloomin Brands Inc (NASDAQ: BLMN) Right Now?
The price-to-earnings ratio for Bloomin Brands Inc (NASDAQ: BLMN) is above average at 10.67x. The 36-month beta value for BLMN is also noteworthy at 2.01. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”
The public float for BLMN is 85.12M, and at present, short sellers hold a 5.83% of that float. The average trading volume of BLMN on April 25, 2024 was 1.30M shares.
BLMN) stock’s latest price update
The stock price of Bloomin Brands Inc (NASDAQ: BLMN) has dropped by -0.97 compared to previous close of 27.30. Despite this, the company has seen a gain of 0.45% in its stock price over the last five trading days. 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.
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 -2.46% 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 -10.27% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.67% lower at present.
During the last 5 trading sessions, BLMN rose by +0.45%, which changed the moving average for the period of 200-days by +1.39% in comparison to the 20-day moving average, which settled at $27.48. In addition, Bloomin Brands Inc saw -3.98% 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 0.93. 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
In summary, Bloomin Brands Inc (BLMN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
