Bloomin Brands Inc (NASDAQ: BLMN) has seen a decline in its stock price by -0.87 in relation to its previous close of 12.67. However, the company has experienced a -5.92% decline in its stock price over the last five trading sessions. https://thefly.com reported 2024-11-11 that Raymond James downgraded Bloomin’ Brands to Market Perform from Outperform without a price target following the Q3 report. The firm sees lower near-term visibility and views the stake sale in Bloomin’s Brazil division as “underwhelming.” The proceeds came in below his expectations and while the stock’s “low valuation should provide some downside support,” Bloomin’s free cash flow is narrowing and its “high dividend payout may need to be revisited.”
Is It Worth Investing in Bloomin Brands Inc (NASDAQ: BLMN) Right Now?
Moreover, the 36-month beta value for BLMN is 1.98. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for BLMN is 83.10M and currently, short sellers hold a 9.07% of that float. On November 20, 2024, BLMN’s average trading volume was 1.57M shares.
BLMN’s Market Performance
BLMN stock saw a decrease of -5.92% in the past week, with a monthly decline of -23.65% and a quarterly a decrease of -30.57%. The volatility ratio for the week is 4.50%, and the volatility levels for the last 30 days are 4.77% for Bloomin Brands Inc (BLMN). The simple moving average for the last 20 days is -17.32% for BLMN stock, with a simple moving average of -40.21% for the last 200 days.
Analysts’ Opinion of BLMN
JP Morgan, on the other hand, stated in their research note that they expect to see BLMN reach a price target of $26. The rating they have provided for BLMN stocks is “Neutral” according to the report published on January 23rd, 2024.
Raymond James gave a rating of “Outperform” to BLMN, setting the target price at $28 in the report published on November 06th of the previous year.
BLMN Trading at -21.01% 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 -58.31% of loss for the given period.
Volatility was left at 4.77%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares sank -21.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.69% lower at present.
During the last 5 trading sessions, BLMN fell by -5.92%, which changed the moving average for the period of 200-days by -52.55% in comparison to the 20-day moving average, which settled at $15.19. In addition, Bloomin Brands Inc saw -55.38% 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:
- 0.04 for the present operating margin
- 0.14 for the gross margin
The net margin for Bloomin Brands Inc stands at -0.0. The total capital return value is set at 0.08. Equity return is now at value -1.66, with -0.16 for asset returns.
Based on Bloomin Brands Inc (BLMN), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 4.51. The interest coverage ratio of the stock is 3.43.
Currently, EBITDA for the company is 516.32 million with net debt to EBITDA at 7.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.29.
Conclusion
To wrap up, the performance of Bloomin Brands Inc (BLMN) has been bad in recent times. The stock has received a bullish 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.
