Bloomin Brands Inc (NASDAQ: BLMN)’s stock price has decreased by -1.50 compared to its previous closing price of 19.31. However, the company has seen a 2.48% increase in its stock price over the last five trading sessions. benzinga.com reported 2024-06-14 that The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in Bloomin Brands Inc (NASDAQ: BLMN) Right Now?
The price-to-earnings ratio for Bloomin Brands Inc (NASDAQ: BLMN) is 29.78x, which is above its average ratio. Moreover, the 36-month beta value for BLMN is 2.05. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for BLMN is 84.43M and currently, short sellers hold a 8.19% of that float. On July 03, 2024, BLMN’s average trading volume was 1.50M shares.
BLMN’s Market Performance
BLMN’s stock has seen a 2.48% increase for the week, with a -12.75% drop in the past month and a -33.80% fall in the past quarter. The volatility ratio for the week is 2.75%, and the volatility levels for the past 30 days are at 3.11% for Bloomin Brands Inc The simple moving average for the past 20 days is -2.31% for BLMN’s stock, with a -23.73% 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 -14.51% 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 -36.86% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -11.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.66% lower at present.
During the last 5 trading sessions, BLMN rose by +2.48%, which changed the moving average for the period of 200-days by -29.82% in comparison to the 20-day moving average, which settled at $19.35. In addition, Bloomin Brands Inc saw -32.43% 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
- 0.16 for the gross margin
The net margin for Bloomin Brands Inc stands at 0.02. The total capital return value is set at 0.11. Equity return is now at value 23.19, with 2.18 for asset returns.
Based on Bloomin Brands Inc (BLMN), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 3.72. The interest coverage ratio of the stock is 5.32.
Currently, EBITDA for the company is 549.89 million with net debt to EBITDA at 4.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.82. The receivables turnover for the company is 90.83for 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 wrap up, the performance of Bloomin Brands Inc (BLMN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
