Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Bloomin' Brands Inc before investing.

In this article, we go over a few key elements for understanding Bloomin' Brands Inc’s stock price such as:

• Bloomin' Brands Inc’s current stock price and volume
• Why Bloomin' Brands Inc’s stock price changed recently
• Upgrades and downgrades for BLMN from analysts
• BLMN’s stock price momentum as measured by its relative strength

About Bloomin' Brands Inc (BLMN)

Before we jump into Bloomin' Brands Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Bloomin Brands, Inc. is a casual dining restaurant company. It has four founder-inspired brands: Outback Steakhouse, Carrabbas Italian Grill, BonefishGrill, and Flemings Prime Steakhouse & Wine Bar. Outback Steakhouse is a casual steakhouse restaurant concept focused on steaks, bold flavors and Australian decor. Carrabbas Italian Grill offers authentic Italian cuisine passed down from its founder's family recipes. Bonefish Grill specializes in fish from around the world, hand-cut in-house every day, savory wood-grilled specialties, and locally created seasonal partner selection dishes. Flemings Prime Steakhouse & Wine Bar is a contemporary interpretation of the classic American steakhouse, boasting culinary mastery, signature style and unrivaled attentive service to create memorable dining experiences for guests. It owns and operates more than 1,450 restaurants in 47 states, Guam and 13 countries, some of which are franchise locations. It has two segments: U.S. and international.

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Bloomin' Brands Inc’s Stock Price as of Market Close

As of August 13, 2024, 4:00 PM, CST, Bloomin' Brands Inc’s stock price was $16.30.

Bloomin' Brands Inc is up 5.98% from its previous closing price of $15.38.

During the last market session, Bloomin' Brands Inc’s stock traded between $15.32 and $15.82. Currently, there are 86.69 million shares of Bloomin' Brands Inc stock available for purchase.

Bloomin' Brands Inc’s price-earnings (P/E) ratio is currently at 55.0, which is high compared to the Restaurants & Bars industry median of 21.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Bloomin' Brands Inc Stock Price History

Bloomin' Brands Inc’s (BLMN) price is currently down 21.82% so far this month.

During the month of August, Bloomin' Brands Inc’s stock price has reached a high of $20.93 and a low of $15.20.

Over the last year, Bloomin' Brands Inc has hit prices as high as $30.13 and as low as $15.32. Year to date, Bloomin' Brands Inc’s stock is down 18.99%.

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What Caused Bloomin' Brands Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 12, 2024, there were 10 analysts who downgraded Bloomin' Brands Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Bloomin' Brands Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Bloomin' Brands Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Bloomin' Brands Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Bloomin' Brands Inc (BLMN) by visiting AAII Stock Evaluator.

Relative Price Strength of Bloomin' Brands Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 12, 2024, Bloomin' Brands Inc has a weighted four-quarter relative price strength of -18.37%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

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Bloomin' Brands Inc Stock Price: Bottom Line

As of August 13, 2024, Bloomin' Brands Inc’s stock price is $16.30, which is up 5.98% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Bloomin' Brands Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.