Bloomin Brands Inc (NASDAQ:BLMN) price on current trading day, rose 0.76% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.94.
A look at the stock’s price movement, the close in the last trading session was $7.88, moving within a range at $7.75 and $8.0. The beta value (5-Year monthly) was 2.039. Turning to its 52-week performance, $29.10 and $7.75 were the 52-week high and 52-week low respectively. Overall, BLMN moved -34.81% over the past month.
Bloomin Brands Inc’s market cap currently stands at around $674.35 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25. The company has a Forward Dividend ratio of 0.87, with its dividend yield at 10.96%. 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 1.04B 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 -13.21% 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 3.91B, representing a -12.06% 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 -15.27% and -27.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.88, while 7-day volatility ratio is 6.75% and 7.16% in the 30-day chart. Further, Bloomin Brands Inc (BLMN) has a beta value of 1.72, and an average true range (ATR) of 0.63. 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 -38.54% off current price level while to achieve the yearly target high, price needs to move -101.51%. Nonetheless, investors will most likely welcome a -82.62% 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 3.07 over the past 10 days and 2.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 84.85 million shares.
The 2.26% of Bloomin Brands Inc’s shares are in the hands of company insiders while institutional holders own 107.85% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.54 million on 2025-02-28, giving us a short ratio of 4.65. The data shows that as of 2025-02-28 short interest in Bloomin Brands Inc (BLMN) stood at 1693.0 of shares outstanding, with shares short falling to 11.55 million registered in 2025-01-31. Current price change has pushed the stock -34.97% 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.
