At the time of writing, Bloomin Brands Inc [BLMN] stock is trading at $20.71, up 2.78%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLMN shares have gain 6.31% over the last week, with a monthly amount glided 7.70%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bloomin Brands Inc [NASDAQ: BLMN] stock has seen the most recent analyst activity on January 23, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $26 for it. Previously, Raymond James downgraded its rating to Outperform on November 06, 2023, and dropped its price target to $28. On October 19, 2023, Deutsche Bank initiated with a Hold rating and assigned a price target of $25 on the stock. William Blair downgraded its rating to a Mkt Perform. Piper Sandler initiated its recommendation with a Neutral and recommended $28 as its price target on July 18, 2023. BofA Securities started tracking with a Neutral rating for this stock on January 25, 2023, and assigned it a price target of $27. In a note dated January 25, 2023, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $29 to $26.
For the past year, the stock price of Bloomin Brands Inc fluctuated between $16.20 and $30.12. Currently, Wall Street analysts expect the stock to reach $29.5 within the next 12 months. Bloomin Brands Inc [NASDAQ: BLMN] shares were valued at $20.71 at the most recent close of the market. An investor can expect a potential return of 42.44% based on the average BLMN price forecast.
Analyzing the BLMN fundamentals
According to Bloomin Brands Inc [NASDAQ:BLMN], the company’s sales were 4.62B for trailing twelve months, which represents an -3.97% plunge. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.2 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.24 points at the first support level, and at 19.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.08, and for the 2nd resistance point, it is at 21.46.
Ratios To Look Out For
It is important to note that Bloomin Brands Inc [NASDAQ:BLMN] has a current ratio of 0.32. Further, the Quick Ratio stands at 0.25, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 6.01 and price to earnings (TTM) ratio is 32.43.
