Goldman raised the price target for the Bloomin’ Brands Inc. (NASDAQ:BLMN) stock from “a Sell” to “a Neutral”. The rating was released on August 03, 2021. We previously noted in another research note published on August 03, 2021 by Credit Suisse that upgraded the stock from a Neutral to an Outperform with a price target of $33 for BLMN stock. The research report from Deutsche Bank has upgraded the stock from Hold to Buy, with a price target set at $34. In their research brief published March 09, 2021, Deutsche Bank analysts downgraded the Bloomin’ Brands Inc. stock from Buy to Hold with a price target of $28.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Bloomin’ Brands Inc. (NASDAQ:BLMN) dipped -4.04% to close Thursday’s market session at $24.01, lower as compared to yesterday’s close. The stock price fluctuated between $23.48 and $24.859 throughout the trading session with the volume trading being 2497938 shares, which represented a significant variation when compared to the three months average volume of 1.62 million shares. The firm’s stock price fluctuated -9.22% within the last five trades and -8.08% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -3.30% in the last 6 months and -14.80% was subtracted to its value over the previous 3 months. BLMN stock is trading at a margin of -6.72%, -9.06% and -1.58% 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 -26.82 percent below its 52-week high and 100.42 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 64.3. 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 5.30 percent and the profit margin is 3.30 percent, and the company has reported a gross margin of 70.30 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 $2.12 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 23.75. 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 8.51. 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 0.58 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 14.64, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Lefferts Kelly, the EVP, Chief Legal Officer at Bloomin’ Brands Inc. (BLMN) has sold 8,843 shares of firm on Jun 02 at a price of $29.22 against the total amount of $0.26 million. In another inside trade, Scarlett Gregg, EVP & COO of Casual Dining of Bloomin’ Brands Inc. (NASDAQ:BLMN) sold 135,929 shares of the firm on May 03 for a total worth of $4.18 million at a price of $30.73. An inside trade which took place on Feb 22, Director of Bloomin’ Brands Inc. SMITH ELIZABETH A sold 150,000 shares of firm against total price of $3.92 million at the cost of $26.13 per share.