Bank of America Securities Keeps Their Hold Rating on Bloomin’ Brands (BLMN)
TipRanks (Mon, 22-Apr 10:16 AM ET)
Business Wire (Wed, 17-Apr 12:14 PM ET)
Bloomin' Brands Announces 2023 Q4 Financial Results
Business Wire (Fri, 23-Feb 6:45 AM ET)
Globe Newswire (Thu, 15-Feb 8:00 AM ET)
Business Wire (Fri, 2-Feb 10:53 AM ET)
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 25, 2024, BLMN stock price declined to $27.01 with 346,433 million shares trading.
BLMN has a beta of 1.00, meaning it tends to be less sensitive to market movements. BLMN has a correlation of 0.13 to the broad based SPY ETF.
BLMN has a market cap of $2.34 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 stock has underperformed the market in the last year with a return of +17.3%, while SPY returned +23.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BLMN shares. However, BLMN has outperformed the market in the last 3 month and 2 week periods, returning +5.6% and -0.7%, while SPY returned +3.6% and -2.5%, respectively. This indicates BLMN has been having a stronger performance recently.
BLMN support price is $26.57 and resistance is $27.49 (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.