EntryPoint Capital LLC Acquires Shares of 29,169 Bloomin’ Brands, Inc. (NASDAQ:BLMN)

EntryPoint Capital LLC bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 29,169 shares of the restaurant operator’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Bloomin’ Brands by 606.6% during the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after buying an additional 4,198 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at approximately $140,000. AlphaQuest LLC increased its stake in shares of Bloomin’ Brands by 63,457.9% during the 4th quarter. AlphaQuest LLC now owns 12,076 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 12,057 shares during the last quarter. Fruth Investment Management bought a new stake in shares of Bloomin’ Brands in the 4th quarter worth approximately $152,000. Finally, EMC Capital Management lifted its stake in Bloomin’ Brands by 527,533.3% in the fourth quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator’s stock valued at $193,000 after purchasing an additional 15,826 shares during the last quarter.

Bloomin’ Brands Stock Down 2.9 %

Shares of NASDAQ:BLMN opened at $7.93 on Thursday. The firm has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $13.08. The company has a market cap of $673.50 million, a price-to-earnings ratio of -72.08 and a beta of 2.04. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin’ Brands, Inc. has a one year low of $7.72 and a one year high of $29.10.

Bloomin’ Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend was Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio is -40.27%.

Analyst Upgrades and Downgrades

BLMN has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, February 27th. UBS Group dropped their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, Bloomin’ Brands has an average rating of “Hold” and a consensus price target of $14.50.

Insider Buying and Selling

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of Bloomin’ Brands stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.

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.