Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Bloomin’ Brands Inc (NASDAQ: BLMN) weakened in recent days. BLMN’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Bloomin’ Brands Inc (NASDAQ: BLMN) stock declined modestly by -1.7% on 11/15/24. The stock closed at $13.20. Moreover, trading volume in this decline was above average at 134% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -21.3% during the last week.
Current PriceTarget Research Rating
Bloomin’ Brands has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Bloomin’ Brands has a good Appreciation Score of 84 but a very low Power Rating of 2, leading to the Negative Value Trend Rating.
Be the first to comment