Is Bloomin Brands Inc (BLMN) Stock a Good Buy for Short-term Investors?

Bloomin Brands Inc [BLMN] stock prices are saw in change for the day to $16.71 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BLMN shares have gain 4.50% over the last week, with a monthly amount glided 1.09%, 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.

The stock price of Bloomin Brands Inc [BLMN] has been fluctuating between $15.14 and $30.12 over the past year. Currently, Wall Street analysts expect the stock to reach $25.5 within the next 12 months. Bloomin Brands Inc [NASDAQ: BLMN] shares were valued at $16.71 at the most recent close of the market. An investor can expect a potential return of 52.6% based on the average BLMN price forecast.

Analyzing the BLMN fundamentals

The Bloomin Brands Inc [NASDAQ:BLMN] reported sales of 4.59B for trailing twelve months, representing a drop of -2.93%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.09.

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 16.50 points at the first support level, and at 16.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.93, and for the 2nd resistance point, it is at 17.15.

Ratios To Look Out For

It’s worth pointing out that Bloomin Brands Inc [NASDAQ:BLMN]’s Current Ratio is 0.33. On the other hand, the Quick Ratio is 0.25, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 5.00 and price to earnings (TTM) ratio is 64.72.