Bloomin’ Brands Inc. (NASDAQ: BLMN) is -12.01% lower on its value in year-to-date trading and has touched a low of $4.54 and a high of $23.65 in the current 52-week trading range. The BLMN stock was last observed hovering at around $18.83 in the last trading session, with the day’s gains setting it 0.59% off its average median price target of $20.00 for the next 12 months. It is also 19.08% off the consensus price target high of $24.00 offered by 14 analysts, but current levels are -14.24% lower than the price target low of $17.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Currently trading at $19.42, the stock is 5.41% and 13.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 3.13% at the moment leaves the stock 48.45% off its SMA200. BLMN registered -12.13% loss for a year compared to 6-month gain of 90.77%. The firm has a 50-day simple moving average (SMA 50) of $18.11 and a 200-day simple moving average (SMA200) of $14.68.
The stock witnessed a 8.83% loss in the last 1 month and extending the period to 3 months gives it a 22.99%, and is 2.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.71% over the week and 3.55% over the month.
Bloomin’ Brands Inc. (BLMN) has around 94000 employees, a market worth around $1.65B and $3.38B in sales. Fwd P/E is 17.22. Profit margin for the company is -3.50%. Distance from 52-week low is 327.75% and -17.89% from its 52-week high. The company has generated returns on investments over the last 12 months (15.10%).
Bloomin’ Brands Inc. (BLMN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bloomin’ Brands Inc. (BLMN) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Bloomin’ Brands Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $894.81M over the same period.The EPS is expected to grow by 27.80% this year, but quarterly earnings will post -21.50% year-over-year. Quarterly sales are estimated to shrink -12.50% in year-over-year returns.
Bloomin’ Brands Inc. (BLMN) Top Institutional Holders
306 institutions hold shares in Bloomin’ Brands Inc. (BLMN), with 7.37M shares held by insiders accounting for 8.54% while institutional investors hold 110.79% of the company’s shares. The shares outstanding are 87.56M, and float is at 80.08M with Short Float at 15.98%. Institutions hold 101.33% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 11.9 million shares valued at $181.67 million. The investor’s holdings represent 13.59% of the BLMN Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 9.21 million shares valued at $140.7 million to account for 10.52% of the shares outstanding. The other top investors are Jana Partners LLC which holds 5.7 million shares representing 6.51% and valued at over $87.04 million, while State Street Corporation holds 3.07% of the shares totaling 2.69 million with a market value of $41.08 million.
Bloomin’ Brands Inc. (BLMN) Insider Activity
The most recent transaction is an insider sale by SMITH ELIZABETH A, the company’s Director. SEC filings show that SMITH ELIZABETH A sold 139,101 shares of the company’s common stock on Nov 17 at a price of $16.79 per share for a total of $2.34 million. Following the sale, the insider now owns 0.51 million shares.
Bloomin’ Brands Inc. disclosed in a document filed with the SEC on Nov 16 that SMITH ELIZABETH A (Director) sold a total of 110,899 shares of the company’s common stock. The trade occurred on Nov 16 and was made at $16.83 per share for $1.87 million. Following the transaction, the insider now directly holds 0.51 million shares of the BLMN stock.
Still, SEC filings show that on Jul 01, Deno David J. (CEO) acquired 12,000 shares at an average price of $10.00 for $0.12 million. The insider now directly holds 114,554 shares of Bloomin’ Brands Inc. (BLMN).
Bloomin’ Brands Inc. (BLMN): Who are the competitors?
The company’s main competitors (and peers) include Ruth’s Hospitality Group Inc. (RUTH) that is trading -19.70% down over the past 12 months. Brinker International Inc. (EAT) is 33.80% up on the 1-year trading charts. Short interest in the company’s stock has risen 0.55% from the last report on Nov 12, 2020 to stand at a total of 12.73 million short shares sold with a short interest ratio of 7.42.