Market Momentum: Bloomin Brands Inc (BLMN) Registers a 0.24 Increase, Closing at 12.59

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Bloomin Brands Inc (NASDAQ: BLMN) closed the day trading at $12.59 up 0.24% from the previous closing price of $12.56. In other words, the price has increased by $0.24 from its previous closing price. On the day, 1.3 million shares were traded. BLMN stock price reached its highest trading level at $12.65 during the session, while it also had its lowest trading level at $12.255.

Ratios:

For a better understanding of BLMN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.21 and its Current Ratio is at 0.29. In the meantime, Its Debt-to-Equity ratio is 9.97 whereas as Long-Term Debt/Eq ratio is at 9.26.

On January 23, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $26.

Raymond James Downgraded its Strong Buy to Outperform on November 06, 2023, whereas the target price for the stock was revised from $29 to $28.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 12 ’24 when Kunkel Julie T. bought 1,000 shares for $15.65 per share. The transaction valued at 15,650 led to the insider holds 2,000 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLMN now has a Market Capitalization of 1068174720 and an Enterprise Value of 3402413312. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 0.748 whereas that against EBITDA is 7.601.

Stock Price History:

Over the past 52 weeks, BLMN has reached a high of $30.12, while it has fallen to a 52-week low of $12.38. The 50-Day Moving Average of the stock is -20.48%, while the 200-Day Moving Average is calculated to be -39.86%.

Shares Statistics:

Over the past 3-months, BLMN traded about 1.56M shares per day on average, while over the past 10 days, BLMN traded about 2962420 shares per day. A total of 86.97M shares are outstanding, with a floating share count of 83.10M. Insiders hold about 2.06% of the company’s shares, while institutions hold 109.99% stake in the company. Shares short for BLMN as of 1730332800 were 7535697 with a Short Ratio of 4.83, compared to 1727654400 on 8407587. Therefore, it implies a Short% of Shares Outstanding of 7535697 and a Short% of Float of 13.020000000000001.

Dividends & Splits

BLMN’s forward annual dividend rate is 0.96, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 0.076433115The stock’s 5-year Average Dividend Yield is 1.92.

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