Gordon Haskett raised the price target for the Bloomin’ Brands Inc. (NASDAQ:BLMN) stock from “a Buy” to “a Hold”. The rating was released on January 17, 2023, according to finviz. The research report from Citigroup has initiated the stock to Neutral, with a price target set at $24. The stock was reiterated by Raymond James, who disclosed in a research note on February 22, 2022, to Strong Buy and set the price objective to $30. In their research brief published February 22, 2022, Jefferies analysts reiterated the Bloomin’ Brands Inc. stock to Buy with a price target of $36.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Bloomin’ Brands Inc. (NASDAQ:BLMN) dipped -3.15% to close Tuesday’s market session at $23.40, lower as compared to yesterday’s close. The stock price fluctuated between $23.03 and $24.26 throughout the trading session with the volume trading being 1179053 shares, which represented a significant variation when compared to the three months average volume of 1.59 million shares. The firm’s stock price fluctuated -1.39% within the last five trades and 15.10% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 29.07% in the last 6 months and 10.74% was added to its value over the previous 3 months. BLMN stock is trading at a margin of 5.98%, 5.71% and 12.80% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BLMN deals in the Consumer Cyclical domain. The stock is trading -8.27 percent below its 52-week high and 47.26 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 22.55. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Bloomin’ Brands Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 5.00 percent and the profit margin is 2.40 percent, and the company has reported a gross margin of 68.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.00 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Bloomin’ Brands Inc. (NASDAQ:BLMN) is 24.87. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.58. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.46 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 8.76, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
SMITH ELIZABETH A, the Director at Bloomin’ Brands Inc. (BLMN) has sold 203,032 shares of firm on Nov 21 at a price of $22.93 against the total amount of $4.66 million. In another inside trade, SMITH ELIZABETH A, Director of Bloomin’ Brands Inc. (NASDAQ:BLMN) sold 261,122 shares of the firm on Nov 18 for a total worth of $6.12 million at a price of $23.43. An inside trade which took place on Nov 14, Director of Bloomin’ Brands Inc. Kunkel Julie T. bought 1,000 shares of firm against total price of $24147.0 at the cost of $24.15 per share.