On Friday, shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) marked $16.26 per share versus a previous $17.73 closing price. With having a -8.29% loss, an insight into the fundamental values of Bloomin’ Brands, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. BLMN showed a fall of -26.33% within its YTD performance, with highs and lows between $4.54 – $24.29 during the period of 52 weeks, compared to the simple moving average of 19.59% in the period of the last 200 days.
Raymond James equity researchers changed the status of Bloomin’ Brands, Inc. (NASDAQ: BLMN) shares from “Outperform” to a “Strong Buy” rating in the report published on September 1st, 2020. Other analysts, including Deutsche Bank, also published their reports on BLMN shares. Deutsche Bank repeated the rating from the previous report, marking BLMN under “Buy” rating, in the report published on September 1st, 2020. Additionally, BLMN shares got another “Overweight” rating from JP Morgan, setting a target price of $16 on the company’s shares, according to the report published in July 27th, 2020. On the other hand, Credit Suisse Initiated the “Neutral” rating for BLMN shares, as published in the report on July 9th, 2020. Gordon Haskett seems to be going bullish on the price of BLMN shares, based on the price prediction for BLMN, indicating that the shares will jump from $14 to $12, giving the shares “Hold” rating based on their report from July 1st, 2020. Another “Buy” rating came from Jefferies, providing a prediction for $12 price target according to the report published in May 29th, 2020.
[bold-text]Bloomin’ Brands, Inc. (BLMN) Analysis[/bold-text]
The present dividend yield for BLMN owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Bloomin’ Brands, Inc., the company needs to provide a healthy cash flow, currently at the value of 113.50. In addition, the growth of sales from quarter to quarter is recording -43.40%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Bloomin’ Brands, Inc. (BLMN) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -87.10% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.30 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while BLMN is currently recording an average of 2.75M in volumes. The volatility of the stock on monthly basis is set at 5.16%, while the weekly volatility levels are marked at 6.41%with -6.44% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $16.14, indicating growth from the present price of $16.26, which can represent yet another valuable research and analysis points that can help you decide whether to invest in BLMN or pass.
[bold-text]What to Look for When Analyzing Bloomin’ Brands, Inc. Shares?[/bold-text]
Bloomin’ Brands, Inc. (BLMN) is based in the USA and it represents one of the well-known company operating with Consumer Cyclical sector. If you wish to compare BLMN shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Bloomin’ Brands, Inc., while the value 16.52 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -1.07 is supported by the yearly EPS growth of 27.80%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 1.00%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 92.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in BLMN Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in BLMN in the recent period. That is how BlackRock Fund Advisors now has an increase position in BLMN by 0.47% in the first quarter, owning 12.08 million shares of BLMN stocks, with the value of $184.47 million after the purchase of an additional 56,155 shares during the last quarter. In the meanwhile, Westwood Management Corp. also increased their stake in BLMN shares changed 2.50% in the first quarter, which means that the company now owns 3.15 million shares of company, all valued at $48.08 million after the acquisition of additional 76,662 shares during the last quarter.
SSgA Funds Management, Inc. acquired a new position in Bloomin’ Brands, Inc. during the first quarter, with the value of $43.99 million, and Erste Asset Management GmbH increased their stake in the company’s shares by — in the first quarter, now owning 2,100,000 shares valued at $32.07 million after the acquisition of the additional 2.1 million shares during the last quarter. In the end, Norges Bank Investment Management increased their position by 2.04% during the first quarter, now owning 1.81 million BLMN shares, now holding the value of $27.67 million in BLMN with the purchase of the additional 1 shares during the period of the last quarter. At the present, 92.00% of BLMN shares are in the ownership of institutional investors.