Bloomin Brands Inc (BLMN) concluded trading on Wednesday at a closing price of $16.32, with 2.91 million shares of worth about $47.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.35% during that period and on October 16, 2024 the price saw a gain of about 3.42%. Currently the company’s common shares owned by public are about 86.97M shares, out of which, 82.92M shares are available for trading.
Stock saw a price change of 5.09% in past 5 days and over the past one month there was a price change of -6.96%. Year-to-date (YTD), BLMN shares are showing a performance of -42.02% which decreased to -30.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.14 but also hit the highest price of $30.12 during that period. The average intraday trading volume for Bloomin Brands Inc shares is 1.49 million. The stock is currently trading 0.49% above its 20-day simple moving average (SMA20), while that difference is down -2.25% for SMA50 and it goes to -26.84% lower than SMA200.
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Bloomin Brands Inc (NASDAQ: BLMN) currently have 86.97M outstanding shares and institutions hold larger chunk of about 105.75% of that.
The stock has a current market capitalization of $1.39B and its 3Y-monthly beta is at 2.05. PE ratio of stock for trailing 12 months is 63.21, while it has posted earnings per share of $0.26 in the same period. It has Quick Ratio of 0.25 while making debt-to-equity ratio of 8.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLMN, volatility over the week remained 3.90% while standing at 3.60% over the month.
Stock’s fiscal year EPS is expected to drop by -28.07% while it is estimated to increase by 7.76% in next year. EPS is likely to shrink at an annualized rate of -3.78% for next 5-years, compared to annual growth of 17.64% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on January 23, 2024 offering a Neutral rating for the stock and assigned a target price of $26 to it. Coverage by Raymond James stated Bloomin Brands Inc (BLMN) stock as an Outperform in their note to investors on November 06, 2023, suggesting a price target of $28 for the stock. Stock get a Neutral rating from Piper Sandler on July 18, 2023.
