Bloomin Brands Inc (NASDAQ: BLMN) has a higher price-to-earnings ratio of 62.01x compared to its average ratio. BLMN has 36-month beta value of 2.05. 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 82.92M, and currently, short sellers hold a 10.14% ratio of that float. The average trading volume of BLMN on October 25, 2024 was 1.46M shares.
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BLMN) stock’s latest price update
Bloomin Brands Inc (NASDAQ: BLMN)’s stock price has increased by 0.44 compared to its previous closing price of 15.94. However, the company has seen a -4.93% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-03 that BLMN, CJEWY and CARE have been added to the Zacks Rank #5 (Strong Sell) List on October 3, 2024.
BLMN’s Market Performance
Bloomin Brands Inc (BLMN) has experienced a -4.93% fall in stock performance for the past week, with a -3.20% drop in the past month, and a -19.67% drop in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 3.49% for BLMN. The simple moving average for the last 20 days is -0.66% for BLMN stock, with a simple moving average of -27.21% 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 -4.27% 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 -46.85% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -5.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.67% lower at present.
During the last 5 trading sessions, BLMN fell by -4.93%, which changed the moving average for the period of 200-days by -39.79% in comparison to the 20-day moving average, which settled at $16.12. In addition, Bloomin Brands Inc saw -43.13% 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 4.36.
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 put it simply, Bloomin Brands Inc (BLMN) has had a bad 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.
