Bloomin Brands Inc (NASDAQ:BLMN) shares, rose in value, with the stock price down by -3.51% to the previous day’s close as strong demand from buyers drove the stock to $26.91.
Actively observing the price movement in the last trading, the stock closed the session at $27.89. The value of beta (5-year monthly) was 2.00 whereas the PE ratio was 10.62 over 12-month period. Referring to stock’s 52-week performance, its high was $30.12, and the low was $22.03. On the whole, BLMN has fluctuated by -8.93% over the past month.
With the market capitalization of Bloomin Brands Inc currently standing at about $2.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2024 – Apr 30, 2024. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 3.57%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.74, which is expected to increase to $0.77 for fiscal year $2.56 and then to about $2.81 by fiscal year 2025. Data indicates that the EPS growth is expected to be -12.60% in 2025, while the next year’s EPS growth is forecast to be 9.80%.
Analysts have estimated the company’s revenue for the quarter at $1.2 billion, with a low estimate of $1.14 billion and a high estimate of $1.22 billion. According to the average forecast, sales growth in current quarter could jump down -3.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.56 billion, representing a decrease of -2.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BLMN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.42, with the price of BLMN currently trading nearly -5.45% and -2.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.87, while the 7-day volatility ratio is showing 2.69% which for the 30-day chart, stands at 2.44%. Furthermore, Bloomin Brands Inc (BLMN)’s beta value is 2.02, and its average true range (ATR) is 0.78.
A comparison of Bloomin Brands Inc (BLMN) with its peers suggests the former has fared considerably weaker in the market. BLMN showed an intraday change of -3.51% in last session, and over the past year, it grew by 7.13%%.
Data on historical trading for Bloomin Brands Inc (NASDAQ:BLMN) indicates that the trading volumes over the past 10 days have averaged 1.24 million and over the past 3 months, they’ve averaged 1.30 million. According to company’s latest data on outstanding shares, there are 86.97 million shares outstanding.
Nearly 2.25% of Bloomin Brands Inc’s shares belong to company insiders and institutional investors own 112.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.54 million shares as on Mar 15, 2024, resulting in a short ratio of 2.75. According to the data, the short interest in Bloomin Brands Inc (BLMN) stood at 5.22% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.75 million. The stock has fallen by -4.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BLMN stock heading into the next quarter.
