As of Thursday, Bloomin’ Brands Inc.’s (NASDAQ:BLMN) stock closed at $24.88, down from $25.58 the previous day. While Bloomin’ Brands Inc. has underperformed by -2.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BLMN rose by 43.65%, with highs and lows ranging from $28.46 to $15.89, whereas the simple moving average jumped by 8.11% in the last 200 days.
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Analysis of Bloomin’ Brands Inc. (BLMN)
Investors in Bloomin’ Brands Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.96 per share. Further, the quarter-over-quarter increase in sales is 9.10%, showing a positive trend in the upcoming months.
One of the most important indicators of Bloomin’ Brands Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 43.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BLMN is recording 1.71M average volume. On a monthly basis, the volatility of the stock is set at 3.39%, whereas on a weekly basis, it is put at 2.73%, with a loss of -5.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.50, showing growth from the present price of $24.88, which can serve as yet another indication of whether BLMN is worth investing in or should be passed over.
How Do You Analyze Bloomin’ Brands Inc. Shares?
The Restaurants market is dominated by Bloomin’ Brands Inc. (BLMN) based in the USA. When comparing Bloomin’ Brands Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 21.39, there is a growth in quarterly earnings of 27.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 107.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BLMN shares?
The recent increase in stakes in BLMN appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in BLMN has decreased by -1.66% in the first quarter. The company now owns 12,883,497 shares of the stock, with a value of $319.12 million, following the sale of -217,412 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in BLMN during the first quarter, upping its stake by 9.63%. During the last quarter, the company picked up 926,846 additional shares for a total stake of worth $261.34 million, bringing number of shares owned by the company to 10,550,549.
During the first quarter, LSV Asset Management added a 173,341 position in BLMN. ClearBridge Investments LLC sold an additional -0.18 million shares in the last quarter, decreasing its holdings by -5.03%, now holding 3.43 million shares worth $84.9 million. At the end of the first quarter, Millennium Management LLC increased its BLMN holdings by 436.23% and now holds 3.29 million BLMN shares valued at $81.38 million with the added 2.67 million shares during the period. BLMN shares are owned by institutional investors to the tune of 107.35% at present.
