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

Several other hedge funds have also recently bought and sold shares of BLMN. Charles Schwab Investment Management Inc. boosted its stake in shares of Bloomin' Brands by 12.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,596,638 shares of the restaurant operator's stock valued at $11,448,000 after purchasing an additional 182,223 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Bloomin' Brands by 8,666.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator's stock valued at $19,148,000 after purchasing an additional 1,550,364 shares during the last quarter. Nuveen LLC acquired a new position in Bloomin' Brands in the first quarter valued at about $7,890,000. Invesco Ltd. grew its stake in Bloomin' Brands by 2.9% during the first quarter. Invesco Ltd. now owns 960,865 shares of the restaurant operator's stock worth $6,889,000 after buying an additional 26,643 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Bloomin' Brands by 5.8% during the fourth quarter. Northern Trust Corp now owns 840,099 shares of the restaurant operator's stock worth $10,258,000 after buying an additional 46,422 shares during the last quarter.

Bloomin' Brands Trading Down 1.3%

Shares of BLMN traded down $0.0950 during trading hours on Monday, hitting $7.2750. 667,996 shares of the stock traded hands, compared to its average volume of 2,667,910. The business has a fifty day moving average of $8.81 and a 200-day moving average of $8.62. The firm has a market capitalization of $618.88 million, a PE ratio of -145.30 and a beta of 1.32. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $18.33. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Bloomin' Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $974.69 million. During the same period in the previous year, the business posted $0.51 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. Analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLMN shares. UBS Group cut their target price on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research note on Monday, May 5th. The Goldman Sachs Group cut their price objective on Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating for the company in a research report on Thursday, August 7th. Morgan Stanley increased their target price on Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. BMO Capital Markets lowered their target price on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $9.88.

Bloomin' Brands Company 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.