Last Updated: 08 Nov 2024
Executive Summary
Bloomin' Brands Inc. (BLMN) is a restaurant operator with a market capitalization of $1.44 billion. The company's recent financial performance has been mixed, with quarterly earnings growth declining by 0.543% and quarterly revenue growth decreasing by 0.029% year-over-year. However, analysts remain optimistic about the company's long-term prospects, with a consensus analyst rating of "Hold" and a target price of $19.91.
Company Overview
Bloomin' Brands owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company's portfolio includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. Bloomin' Brands is headquartered in Tampa, Florida, and has been in business for over 40 years.
Fundamental Analysis
Bloomin' Brands has a trailing price-to-earnings (PE) ratio of 54.81 and a forward PE ratio of 7.06. The company's price-to-sales (P/S) ratio is 0.315, and its price-to-book (P/B) ratio is 4.66. Bloomin' Brands has a gross profit margin of 0.164 and an operating margin of 0.0558. The company's return on assets (ROA) is 0.0552, and its return on equity (ROE) is 0.116.
Technical Analysis
Bloomin' Brands' stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is at 30.04, indicating that the stock is oversold.
Short Term Outlook
In the short term, Bloomin' Brands' stock price is likely to remain under pressure. The company's recent financial performance has been disappointing, and the technical indicators are bearish. However, the stock is oversold, and a short-term bounce is possible.
Long Term Outlook
In the long term, Bloomin' Brands' stock price is likely to recover. The company has a strong brand portfolio and a loyal customer base. The company is also well-positioned to benefit from the growing demand for casual dining.
Analyst Recommendations
Analysts are mixed on Bloomin' Brands' stock. One analyst has a "Strong Buy" rating on the stock, two analysts have "Buy" ratings, nine analysts have "Hold" ratings, and zero analysts have "Sell" or "Strong Sell" ratings. The consensus analyst target price is $19.91.
