EntryPoint Capital LLC Boosts Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

EntryPoint Capital LLC boosted its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 6,454.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,343 shares of the restaurant operator’s stock after purchasing an additional 3,292 shares during the quarter. EntryPoint Capital LLC’s holdings in Bloomin’ Brands were worth $96,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLMN. SummerHaven Investment Management LLC raised its position in Bloomin’ Brands by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 26,763 shares of the restaurant operator’s stock worth $753,000 after buying an additional 417 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Bloomin’ Brands by 5.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 13,686 shares of the restaurant operator’s stock valued at $393,000 after purchasing an additional 671 shares during the last quarter. Rye Brook Capital LLC lifted its position in Bloomin’ Brands by 0.3% during the first quarter. Rye Brook Capital LLC now owns 247,700 shares of the restaurant operator’s stock valued at $7,104,000 after purchasing an additional 700 shares during the period. Watershed Asset Management L.L.C. boosted its holdings in Bloomin’ Brands by 7.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 11,207 shares of the restaurant operator’s stock worth $315,000 after purchasing an additional 756 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bloomin’ Brands by 4.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,267 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 776 shares during the last quarter.

Bloomin’ Brands Stock Performance

Shares of NASDAQ BLMN traded up $0.22 during trading on Friday, hitting $19.71. The company had a trading volume of 540,207 shares, compared to its average volume of 1,453,984. Bloomin’ Brands, Inc. has a 12 month low of $16.20 and a 12 month high of $30.13. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.26 and a current ratio of 0.33. The firm has a market capitalization of $1.70 billion, a P/E ratio of 30.45 and a beta of 2.04. The stock has a 50 day simple moving average of $19.62 and a 200 day simple moving average of $24.32.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Tuesday, May 7th. The restaurant operator reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Bloomin’ Brands had a return on equity of 65.73% and a net margin of 1.56%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Bloomin’ Brands’s revenue was down 4.0% on a year-over-year basis. As a group, analysts anticipate that Bloomin’ Brands, Inc. will post 2.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BLMN shares. BMO Capital Markets decreased their target price on shares of Bloomin’ Brands from $29.00 to $27.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reduced their price objective on Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Barclays dropped their target price on Bloomin’ Brands from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. UBS Group cut their price target on Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Morgan Stanley lowered their price objective on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.56.

About Bloomin’ Brands

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.