EntryPoint Capital LLC Purchases 3,292 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

EntryPoint Capital LLC grew its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 6,454.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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.

Other institutional investors also recently modified their holdings of the company. Annex Advisory Services LLC grew its position in shares of Bloomin’ Brands by 27.7% during the 1st quarter. Annex Advisory Services LLC now owns 295,261 shares of the restaurant operator’s stock worth $8,468,000 after buying an additional 64,006 shares during the period. Capstone Investment Advisors LLC bought a new stake in Bloomin’ Brands in the first quarter valued at approximately $2,042,000. Dimensional Fund Advisors LP raised its holdings in Bloomin’ Brands by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,509,269 shares of the restaurant operator’s stock worth $70,637,000 after purchasing an additional 104,368 shares during the period. First Eagle Investment Management LLC raised its holdings in Bloomin’ Brands by 34.9% in the fourth quarter. First Eagle Investment Management LLC now owns 163,419 shares of the restaurant operator’s stock worth $4,600,000 after purchasing an additional 42,315 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Bloomin’ Brands during the fourth quarter worth $4,222,000.

Analysts Set New Price Targets

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

Bloomin’ Brands Stock Performance

BLMN stock traded up $0.22 during trading hours on Friday, reaching $19.71. The stock had a trading volume of 540,207 shares, compared to its average volume of 1,453,984. The stock has a market capitalization of $1.70 billion, a PE 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, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $30.13. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.33 and a quick ratio of 0.26.

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

Bloomin’ Brands Company Profile

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.