Bloomin Brands Inc (NASDAQ:BLMN) shares, rose in value, with the stock price up by 4.98% to the previous day’s close as strong demand from buyers drove the stock to $8.65.
Actively observing the price movement in the last trading, the stock closed the session at $8.24. Referring to stock’s 52-week performance, its high was $30.12, and the low was $8.00. On the whole, BLMN has fluctuated by -31.13% over the past month.
With the market capitalization of Bloomin Brands Inc currently standing at about $734.65 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 11.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.91B, with a low estimate of 1.01B and a high estimate of 1.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.04B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BLMN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BLMN currently trading nearly -21.82% and -25.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.29, while the 7-day volatility ratio is showing 7.66% which for the 30-day chart, stands at 6.06%. Furthermore, Bloomin Brands Inc (BLMN)’s beta value is 1.72, and its average true range (ATR) is 0.67.
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 4.98% in last session, and over the past year, it shrunk by -69.10%%. In comparison, Flanigan’s Enterprises Inc. (BDL) has moved higher at 2.36%% on the day and was up 0.72% over the past 12 months. On the other hand, the price of Brinker International Inc. (EAT) has fallen -1.54%% on the day. The stock, however, is off 207.91% from where it was a year ago. Additionally, there is a loss of -1.04%% for BJ’s Restaurants Inc. (BJRI) in last trading while the stock has seen an overall depriciation of -5.32%% over the past year.
Data on historical trading for Bloomin Brands Inc (NASDAQ:BLMN) indicates that the trading volumes over the past 3 months, they’ve averaged 2.07 million. According to company’s latest data on outstanding shares, there are 84.85 million shares outstanding.
Nearly 2.09% of Bloomin Brands Inc’s shares belong to company insiders and institutional investors own 107.88% of the company’s shares. The stock has fallen by -29.16% 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.
