It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Bloomin’ Brands Inc. (BLMN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.40, or -1.61%, to $24.45. The Bloomin’ Brands Inc. has recorded 457,362 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Bloomin’ Brands Announces 2023 Q1 Financial Results.
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Bloomin’ Brands Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Restaurants industry. At the end of the last regular session, the stock closed at $24.85 and fluctuated between $24.92 as its day high and $23.96 as its day low. The current market capitalization of Bloomin’ Brands Inc. is $2.07B. A total of 3.41 million shares were traded on the day, compared to an average of 1.64M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BLMN has seen 25 BUY and 26 SELL insider trades, representing the acquisition of 496,147 and the disposition of 245,922 shares. Over the last 12 months, there were 34 BUYs and 36 SELLs from insiders. Insiders purchased 1,050,519 shares during that period but sold 984,753.
In the most recent transaction, SMITH ELIZABETH A sold 64,295 shares of BLMN for 27.89 per share on Feb 22. After the transaction, the Director now owns 243,594 company shares. In a previous transaction on Feb 21, GAINOR JOHN P JR sold 35,000 shares at 27.18 per share. BLMN shares that Director owns now total 16,500.
Among the insiders who sold shares, SMITH ELIZABETH A disposed of 203,032 shares on Nov 21 at a per-share price of $22.93. This resulted in the Director holding 243,594 shares of BLMN after the transaction. In another insider transaction, SMITH ELIZABETH A sold 261,122 shares at $23.43 per share on Nov 18. Company shares held by the Director now total 243,594.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Bloomin’ Brands Inc. pays an annual dividend of $0.96, resulting in a dividend yield of 3.86%, and it has a price to earnings (P/E) ratio of 25.86. BLMN’s most recent ex-dividend date was 5/9/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 5/24/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/28/2023. The BLMN stock dividend was $0.24 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BLMN in the last 3 months, the mean price target is $29.36 with high estimates of $35.00 and low estimates of $26.00. In terms of 52-week highs and lows, BLMN has a high of $28.46 and a low of $15.89.
As of this writing, BLMN has an earnings estimate of $0.66 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.63. The company reported an EPS of $0.68 in the last quarter, which was 6.30% higher than expectations of $0.64.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BLMN’s latest balance sheet shows that the firm has $87.58M in Cash & Short Term Investments as of fiscal 2021. There were $1.97B in debt and $984.62M in liabilities at the time. Its Book Value Per Share was $3.09, while its Total Shareholder’s Equity was $222.85M.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLMN is Hold with a score of 4.09. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.