Rye Brook Capital LLC Acquires 3,500 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Rye Brook Capital LLC boosted its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,700 shares of the restaurant operator’s stock after acquiring an additional 3,500 shares during the quarter. Bloomin’ Brands makes up approximately 2.5% of Rye Brook Capital LLC’s holdings, making the stock its 17th biggest holding. Rye Brook Capital LLC’s holdings in Bloomin’ Brands were worth $2,048,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in Bloomin’ Brands in the third quarter worth about $26,000. KBC Group NV lifted its stake in shares of Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,489 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 4,198 shares during the period. Entropy Technologies LP acquired a new position in Bloomin’ Brands in the fourth quarter valued at about $140,000. Finally, Fruth Investment Management bought a new position in Bloomin’ Brands during the 4th quarter worth approximately $152,000.

Bloomin’ Brands Stock Up 9.7 %

Shares of NASDAQ BLMN opened at $12.18 on Wednesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -110.72 and a beta of 1.97. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The stock has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $14.56. Bloomin’ Brands, Inc. has a 12 month low of $10.85 and a 12 month high of $30.13.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BLMN shares. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Piper Sandler lowered their target price on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. UBS Group reduced their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group initiated coverage on Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 target price for the company. Finally, StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.30.

About Bloomin’ Brands

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.