EntryPoint Capital LLC Raises Stock Position in Bloomin' Brands, Inc. $BLMN

Key Points

• EntryPoint Capital LLC increased its stake in Bloomin' Brands by 195.3% during the first quarter, now owning 86,146 shares valued at $618,000.
• Multiple brokerages have downgraded Bloomin' Brands' stock rating, with Goldman Sachs and Barclays reducing their price targets significantly.
• Bloomin' Brands reported a quarterly earnings per share of $0.33, exceeding estimates, while also announcing a quarterly dividend of $0.15 with a yield of 8.1%.

EntryPoint Capital LLC increased its position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 195.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,146 shares of the restaurant operator's stock after purchasing an additional 56,977 shares during the period. EntryPoint Capital LLC owned approximately 0.10% of Bloomin' Brands worth $618,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Bloomin' Brands during the fourth quarter worth about $32,000. US Bancorp DE boosted its position in Bloomin' Brands by 505.7% during the first quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock worth $45,000 after acquiring an additional 5,209 shares during the last quarter. GAMMA Investing LLC boosted its position in Bloomin' Brands by 28.9% during the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after acquiring an additional 1,414 shares during the last quarter. Headlands Technologies LLC boosted its position in Bloomin' Brands by 294.4% during the first quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator's stock worth $62,000 after acquiring an additional 6,501 shares during the last quarter. Finally, State of Wyoming boosted its position in Bloomin' Brands by 99.5% during the fourth quarter. State of Wyoming now owns 10,319 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 5,146 shares during the last quarter.

Bloomin' Brands Trading Up 5.7%

NASDAQ:BLMN traded up $0.40 during trading hours on Friday, reaching $7.36. 2,891,201 shares of the company were exchanged, compared to its average volume of 3,386,659. The stock has a 50 day simple moving average of $8.81 and a 200 day simple moving average of $8.68. Bloomin' Brands, Inc. has a 52-week low of $6.09 and a 52-week high of $18.72. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.43 and a quick ratio of 0.35. The firm has a market cap of $626.12 million, a price-to-earnings ratio of -147.20 and a beta of 1.32.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $974.69 million. During the same quarter last year, the firm posted $0.51 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio (DPR) is currently -1,200.00%.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Morgan Stanley raised their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. BMO Capital Markets cut their price target on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Thursday, August 7th. Finally, Barclays cut their price target on shares of Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $9.88.

Bloomin' Brands Profile

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.