Bloomin Brands Inc (NASDAQ:BLMN) price on current trading day, fall -4.54% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.56.
A look at the stock’s price movement, the level at last check in today’s session was $10.02. Turning to its 52-week performance, $30.12 and $9.57 were the 52-week high and 52-week low respectively. Overall, BLMN moved -24.69% over the past month.
Bloomin Brands Inc’s market cap currently stands at around $812.37 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.96, with its dividend yield at 10.04%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.05B for the company’s revenue for the quarter, with a low and high estimate of 1.01B and 1.08B respectively. The average forecast suggests down to a -12.51% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.92B, representing a -11.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLMN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend BLMN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BLMN’s current price about -18.21% and -19.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.00, while 7-day volatility ratio is 7.48% and 5.28% in the 30-day chart. Further, Bloomin Brands Inc (BLMN) has a beta value of 2.04, and an average true range (ATR) of 0.66. Analysts have given the company’s stock an average 52-week price target of $14.5, forecast between a low of $11 and high of $16. Looking at the price targets, the low is -15.06% off recent price level in today’s trading while to achieve the yearly target high, it has to move -67.36%. Nonetheless, investors will most likely welcome a -51.67% jump to $14.5 which is the analysts’ median price.
If we refocus on Bloomin Brands Inc (NASDAQ:BLMN), historical trading data shows that trading volumes averaged 1.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 84.85 million shares.
The 2.09% of Bloomin Brands Inc’s shares are in the hands of company insiders while institutional holders own 107.72% of the company’s shares. Current price change has pushed the stock -21.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLMN stock continues to rise going into the next quarter.
