Counterpoint Mutual Funds LLC Has $3.09 Million Holdings in Bloomin’ Brands, Inc. $BLMN

Counterpoint Mutual Funds LLC increased its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 1,069.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,359 shares of the restaurant operator’s stock after purchasing an additional 394,480 shares during the period. Bloomin’ Brands comprises about 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 16th largest position. Counterpoint Mutual Funds LLC owned about 0.51% of Bloomin’ Brands worth $3,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Bloomin’ Brands by 9.0% during the third quarter. Harbor Capital Advisors Inc. now owns 23,502 shares of the restaurant operator’s stock worth $169,000 after buying an additional 1,950 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Bloomin’ Brands by 72.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 2,000 shares during the period. Bank of Montreal Can boosted its position in shares of Bloomin’ Brands by 21.0% during the 2nd quarter. Bank of Montreal Can now owns 14,583 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 2,526 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bloomin’ Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock valued at $333,000 after acquiring an additional 2,622 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Bloomin’ Brands by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 30,343 shares of the restaurant operator’s stock valued at $261,000 after acquiring an additional 2,755 shares during the period.

Bloomin’ Brands Trading Down 5.1%

BLMN stock opened at $6.14 on Tuesday. The business has a fifty day moving average price of $6.78 and a 200 day moving average price of $6.95. Bloomin’ Brands, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $12.12. The stock has a market capitalization of $523.25 million, a price-to-earnings ratio of -9.16 and a beta of 1.15. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BLMN shares. Loop Capital set a $10.00 price target on shares of Bloomin’ Brands in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a report on Monday, December 29th. The Goldman Sachs Group upgraded Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research report on Friday, November 7th. Finally, Zacks Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $8.64.

Bloomin’ Brands Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.