Bloomin Brands Inc (NASDAQ: BLMN) is 4.01% higher on its value in year-to-date trading and has touched a low of $11.03 and a high of $30.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLMN stock was last observed hovering at around $12.45 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $12.70, the stock is 5.83% and 1.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 2.01% at the moment leaves the stock -27.33% off its SMA200. BLMN registered -51.53% loss for a year compared to 6-month loss of -36.97%. The firm has a 50-day simple moving average (SMA 50) of $12.5006 and a 200-day simple moving average (SMA200) of $17.54845.
The stock witnessed a 2.25% gain in the last 1 month and extending the period to 3 months gives it a -20.43%, and is 5.05% 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 4.25% over the week and 4.51% over the month.
Bloomin Brands Inc (BLMN) has around 87000 employees, a market worth around $1.08B and $4.55B in sales. Fwd P/E is 7.11. Profit margin for the company is -0.12%. Distance from 52-week low is 15.14% and -57.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.21%).
with sales reaching $1.08B over the same period.The EPS is expected to shrink by -38.80% this year, but quarterly earnings will post -5.21% year-over-year. Quarterly sales are estimated to shrink -9.58% in year-over-year returns.
335.0 institutions hold shares in Bloomin Brands Inc (BLMN), with institutional investors hold 109.58% of the company’s shares. The shares outstanding are 84.83M, and float is at 83.09M with Short Float at 12.82%. Institutions hold 106.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.71 million shares valued at $244.46 million. The investor’s holdings represent 14.6647 of the BLMN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.8 million shares valued at $226.83 million to account for 13.6072 of the shares outstanding. The other top investors are STARBOARD VALUE LP which holds 8.44 million shares representing 9.7372 and valued at over $162.32 million, while STATE STREET CORP holds 4.1191 of the shares totaling 3.57 million with a market value of $68.67 million.
Bloomin Brands Inc (BLMN) Insider Activity
The most recent transaction is an insider purchase by Kunkel Julie T., the company’s Director. SEC filings show that Kunkel Julie T. bought 1,000 shares of the company’s common stock on Aug 12 ’24 at a price of $15.65 per share for a total of $15650.0. Following the purchase, the insider now owns 2000.0 shares.
