Bloomin’ Brands Inc. (NASDAQ:BLMN) shares traded higher over the last trading session, gaining 0.89% on 05/28/21. The shares fell to a low of $28.84 before closing at $29.55. Intraday shares traded counted 1.46 million, which was 23.4% higher than its 30-day average trading volume of 1.90M. BLMN’s previous close was $29.29 while the outstanding shares total 88.37M. The firm has a beta of 2.18. The stock’s Relative Strength Index (RSI) is 55.02, with weekly volatility at 3.31% and ATR at 1.18. The BLMN stock’s 52-week price range has touched low of $9.36 and a $32.81 high.
Investors have identified the Restaurants company Bloomin’ Brands Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.60 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Bloomin’ Brands Inc. (BLMN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For BLMN, the company has in raw cash 136.66 million on their books with 41.83 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 272.99 million total, with 931.98 million as their total liabilities.
BLMN were able to record 123.61 million as free cash flow during the 07/23/2021 quarter of the year, this saw their quarterly net cash flow reduce by 26.25 million. In cash movements, the company had a total of 141.03 million as operating cash flow.
Potential earnings growth for Bloomin’ Brands Inc. (BLMN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/23/2021 quarter of the year, Bloomin’ Brands Inc. recorded a total of 987.47 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -2.11% coming in sequential stages and their sales for the 07/23/2021 quarter increasing by 17.72%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 566.51 million trying to sell their products during the last quarter, with the result yielding a gross income of 420.96 million. This allows shareholders to hold on to 88.37M with the recently reported earning now reading 0.79 cents per share. This is a figure that compared to analyst’s prediction for their 07/23/2021 (0.72 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.38 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BLMN sounds very interesting.
Is the stock of BLMN attractive?
In related news, EVP & COO of Casual Dining, Scarlett Gregg sold 135,929 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 30.73, for a total value of 4,176,969. As the sale deal closes, the Director, SMITH ELIZABETH A now sold 150,000 shares of the company’s stock, valued at 3,919,500. Also, Director, SMITH ELIZABETH A sold 150,000 shares of the company’s stock in a deal that was recorded on Jan 04. The shares were price at an average price of 18.41 per share, with a total market value of 2,760,856. Following this completion of acquisition, the Director, SMITH ELIZABETH A now holds 139,101 shares of the company’s stock, valued at 2,335,506. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.30%.
8 out of 13 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Bloomin’ Brands Inc.. 1 analysts has assigned a Sell rating on the BLMN stock. The 12-month mean consensus price target for the company’s shares has been set at $35.23.