Bloomin Brands Inc (NASDAQ: BLMN) is -9.09% lower on its value in year-to-date trading and has touched a low of $10.88 and a high of $30.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLMN stock was last observed hovering at around $11.21 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $11.10, the stock is -8.79% and -8.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -0.98% at the moment leaves the stock -33.09% off its SMA200. BLMN registered -57.63% loss for a year compared to 6-month loss of -33.21%. The firm has a 50-day simple moving average (SMA 50) of $12.1962 and a 200-day simple moving average (SMA200) of $16.58855.
The stock witnessed a -5.37% gain in the last 1 month and extending the period to 3 months gives it a -16.85%, and is -8.87% down 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 4.70% over the week and 4.24% over the month.
Bloomin Brands Inc (BLMN) has around 87000 employees, a market worth around $941.72M and $4.55B in sales. Fwd P/E is 6.25. Profit margin for the company is -0.12%. Distance from 52-week low is 2.07% and -63.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.21%).
The EPS is expected to shrink by -38.93% this year.
Bloomin Brands Inc (BLMN) Top Institutional Holders
324.0 institutions hold shares in Bloomin Brands Inc (BLMN), with institutional investors hold 110.12% of the company’s shares. The shares outstanding are 84.83M, and float is at 83.06M with Short Float at 13.91%. Institutions hold 107.10% 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.
