LiveOne doubles bitcoin holdings to over $4 million
In a challenging market environment, Bloomin’ Brands Inc. (NASDAQ:BLMN) stock has touched a 52-week low, dipping to $10.76. According to InvestingPro data, the company maintains an attractive 8.07% dividend yield despite its market cap falling to $926 million. The company, known for its portfolio of casual dining restaurants, including Outback Steakhouse and Carrabba’s Italian Grill, has faced significant headwinds over the past year. This latest price level reflects a stark downturn in investor sentiment, as evidenced by the stock’s 1-year change, which shows a substantial decline of 61.02%. The drop to a 52-week low signals a period of bearish investor outlook, with InvestingPro analysis revealing concerning metrics including a weak gross profit margin of 16% and a current ratio of 0.31, indicating potential liquidity challenges. Get access to 10+ additional ProTips and comprehensive analysis in the Pro Research Report, available exclusively on InvestingPro.
In other recent news, Bloomin’ Brands reported its fourth-quarter earnings, meeting analyst expectations, though its revenue fell short of projections. The company posted adjusted earnings per share of $0.38, aligning with the consensus among analysts. However, revenue was reported at $972 million, which was below the anticipated $1.09 billion. Compared to the same quarter in the previous year, there was a decline in revenue, though specific figures were not provided. Looking forward, Bloomin’ Brands has issued guidance for the first quarter of 2025, forecasting earnings per share between $0.55 and $0.60. This projection is lower than the current analyst consensus of $0.68 per share. These recent developments suggest a cautious outlook for the company, as the revenue shortfall and modest future guidance may influence investor sentiment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.