BLMN Stock Summary and Trading Ideas (Bloomin Brands | NASDAQ:BLMN)

Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising. The Company aggregates its operating segments into two reportable segments, U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment.

Bloomin Brands trades on the NASDAQ stock market under the symbol BLMN.

As of April 18, 2024, BLMN stock price climbed to $27.03 with 1,029,059 million shares trading.

BLMN has a beta of 1.14, meaning it tends to be more sensitive to market movements. BLMN has a correlation of 0.15 to the broad based SPY ETF.

BLMN has a market cap of $2.35 billion. This is considered a Mid Cap stock.

Last quarter Bloomin Brands reported $1 billion in Revenue and $.75 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.06.

In the last 3 years, BLMN stock traded as high as $32.81 and as low as $15.89.

The top ETF exchange traded funds that BLMN belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

BLMN has underperformed the market in the last year with a price return of +14.6% while the SPY ETF gained +22.3%. However, in the short term, BLMN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.6% vs +6.1% return in SPY. But in the last 2 weeks, BLMN shares have been beat by the market, returning -5.7% compared to an SPY return of -3.8%.

BLMN support price is $26.43 and resistance is $27.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLMN stock will trade within this expected range on the day.