Bloomin’ Brands, Inc. (BLMN): New Strategic Direction Makes It A Buy

Wall Street analysts will be watching closely when Bloomin’ Brands, Inc. (NASDAQ:BLMN) reports its quarterly earnings next, which is scheduled for Thu 28 Feb (In 46 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.35 per share. In the preceding quarter, the company reportedly generated EPS of $0.10 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 3.70%, a profit margin of 2.70% and a gross margin of 68.70%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN). Most recently, on January 8th, 2019, JP Morgan Upgrade a Overweight rating. Before that, on December 19th, 2018, Morgan Stanley Upgrade to Equal-Weight. Gordon Haskett Initiated a Buy rating on October 19th, 2018, Goldman Upgrade an Neutral rating on September 11th, 2018, and Raymond James Upgrade a Outperform rating on July 17th, 2018.

At its current price point, combined with the fact that this company has 92.23M shares outstanding, the current market capitalization sits at 1.82B. In the last trading day, 966,851 shares of Bloomin’ Brands, Inc. were traded, which compares to its usual volume of about 1.27M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.84 in the past five trading days, resulting in a percentage change of +4.46% and a moving average of 19.73. In the past 20 days, its price changed by $1.15 (which is +6.20%) and the stock’s moving average was 18.40. Looking back a full 50 days, shares of BLMN changed by $0.54 (which is +2.82%) and demonstrated a moving average of 19.61.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 81.04%, a 14-day Stochastic %K score of 81.15% and a 20-day Stochastic %K score of 81.15%. Using a similar metric, Bloomin’ Brands, Inc. (BLMN) shares showed a Stochastic %D of 84.16% over the past 9 days, a Stochastic %D score of 84.24% over the last 14 days, and a 20-day Stochastic %D of 83.90%. Meanwhile, this stock’s MACD Oscillator was 0.68 over the past 9 days, 1.21 over the past two weeks, and 1.35 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $19.69 level. Over the past 12 months, this stock has experienced a high price of $25.00 and a low of $17.08. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Bloomin’ Brands, Inc. (NASDAQ:BLMN) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 11,626,992 shares of the company’s stock following the addition of 402,910 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 12.65% stake in Bloomin’ Brands, Inc. (BLMN)’s shares.

Just in the most recent trading day, Bloomin’ Brands, Inc. (NASDAQ:BLMN) experienced a high price of $19.89 and low point of $19.41. At the end of the last trading session, this stock was at 19.69 per share, following a loss of -$0.11, or -0.35% during the full day.