Bloomin Brands Inc (NASDAQ: BLMN)’s stock price has plunge by -4.01relation to previous closing price of 24.96. Nevertheless, the company has seen a -7.10% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-07 that Bloomin’ Brands, Inc. (NASDAQ:BLMN ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Tara Kurian – Vice President of Corporate Finance and Investor Relations David Deno – Chief Executive Officer Michael Healy – Chief Financial Officer and Executive Vice President, Global Business Development Conference Call Participants Jeffrey Bernstein – Barclays Capital LLC Alexander Slagle – Jefferies Group LLC John Ivankoe – JPMorgan Chase & Co. Sharon Zackfia – William Blair & Company, LLC Brian Harbour – Morgan Stanley Sara Senatore – BofA Securities, Inc. Lauren Silberman – Deutsche Bank Brian Mullan – Piper Sandler Companies Dennis Geiger – UBS Group AG Andrew Strelzik – BMO Capital Markets Operator Greetings, and welcome to the Bloomin’ Brands Fiscal First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Bloomin Brands Inc (NASDAQ: BLMN) Right Now?
Bloomin Brands Inc (NASDAQ: BLMN) has a price-to-earnings ratio that is above its average at 9.46x. The stock has a 36-month beta value of 2.06. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for BLMN is 85.06M, and at present, short sellers hold a 6.66% of that float. On May 08, 2024, the average trading volume of BLMN was 1.37M shares.
BLMN’s Market Performance
BLMN stock saw a decrease of -7.10% in the past week, with a monthly decline of -11.81% and a quarterly a decrease of -9.96%. The volatility ratio for the week is 3.83%, and the volatility levels for the last 30 days are 2.63% for Bloomin Brands Inc (BLMN). The simple moving average for the last 20 days is -9.79% for BLMN stock, with a simple moving average of -8.01% for the last 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 -13.14% 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 -20.46% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares sank -12.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.03% lower at present.
During the last 5 trading sessions, BLMN fell by -7.10%, which changed the moving average for the period of 200-days by -13.81% in comparison to the 20-day moving average, which settled at $26.39. In addition, Bloomin Brands Inc saw -14.88% 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:
- 0.06 for the present operating margin
- 0.17 for the gross margin
The net margin for Bloomin Brands Inc stands at 0.02. The total capital return value is set at 206.15. Equity return is now at value 72.71, with 7.34 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
To sum up, Bloomin Brands Inc (BLMN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
