The stock price of Bloomin Brands Inc (NASDAQ: BLMN) has surged by 5.98 when compared to previous closing price of 15.38, but the company has seen a -4.00% decline in its stock price over the last five trading sessions. benzinga.com reported 2024-08-08 that Bloomin’ Brands Inc. BLMN is the parent company of a diverse group of restaurants, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. I’ll comment on the relevance of that later, but right now, growth is slowing to a crawl, and inflation is taking a bite out of the company’s earnings.
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 63.13x. The stock has a 36-month beta value of 2.12. Opinions on the stock are mixed, 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 82.96M, and at present, short sellers hold a 10.19% of that float. On August 14, 2024, the average trading volume of BLMN was 1.72M shares.
BLMN’s Market Performance
BLMN’s stock has seen a -4.00% decrease for the week, with a -7.49% drop in the past month and a -30.99% fall in the past quarter. The volatility ratio for the week is 5.39%, and the volatility levels for the past 30 days are at 4.99% for Bloomin Brands Inc The simple moving average for the past 20 days is -13.09% for BLMN’s stock, with a -32.39% 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 -13.91% 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 -45.89% of loss for the given period.
Volatility was left at 4.99%, however, over the last 30 days, the volatility rate increased by 5.39%, as shares sank -12.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.23% lower at present.
During the last 5 trading sessions, BLMN fell by -4.00%, which changed the moving average for the period of 200-days by -29.59% in comparison to the 20-day moving average, which settled at $18.64. In addition, Bloomin Brands Inc saw -42.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BLMN starting from Kunkel Julie T., who purchase 1,000 shares at the price of $15.65 back on Aug 12 ’24. After this action, Kunkel Julie T. now owns 2,000 shares of Bloomin Brands Inc, valued at $15,650 using the latest closing price.
Stock Fundamentals for BLMN
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.14 for the gross margin
The net margin for Bloomin Brands Inc stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 9.86, with 0.97 for asset returns.
Based on Bloomin Brands Inc (BLMN), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 4.09. The interest coverage ratio of the stock is 9.41.
Currently, EBITDA for the company is 549.89 million with net debt to EBITDA at 4.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 82.19for trailing twelve months and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
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.
