Alambic Investment Management buys $3,467,658 stake in Bloomin' Brands Inc (BLMN)

Bloomin' Brands Inc (BLMN) : Alambic Investment Management scooped up 63,080 additional shares in Bloomin' Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 183,280 shares of Bloomin' Brands Inc which is valued at $3,467,658.Bloomin' Brands Inc makes up approximately 0.78% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Gmt Capital Corp reduced its stake in BLMN by selling 1,062,900 shares or 59.36% in the most recent quarter. The Hedge Fund company now holds 727,600 shares of BLMN which is valued at $13,766,192. Bloomin' Brands Inc makes up approx 0.31% of Gmt Capital Corp’s portfolio. Airain Ltd sold out all of its stake in BLMN during the most recent quarter. The investment firm sold 49,856 shares of BLMN which is valued $918,348.Cable Hill Partners boosted its stake in BLMN in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 186 shares of Bloomin' Brands Inc which is valued at $3,426.Msi Financial Services Inc reduced its stake in BLMN by selling 552 shares or 95.5% in the most recent quarter. The Hedge Fund company now holds 26 shares of BLMN which is valued at $488.

Bloomin' Brands Inc opened for trading at $18.92 and hit $19.375 on the upside on Monday, eventually ending the session at $19.31, with a gain of 1.79% or 0.34 points. The heightened volatility saw the trading volume jump to 10,19,000 shares. Company has a market cap of $2,162 M.

On the company’s financial health, Bloomin' Brands Inc reported $0.30 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.30. The company had revenue of $1078.59 million for the quarter, compared to analysts expectations of $1090.40 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Bloomin’ Brands Inc. is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concept: Outback Steakhouse Carrabba’s Italian Grill Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. As of December 28 2014 the Company owned and operated 1344 restaurants and franchised 166 restaurants across 48 states Puerto Rico Guam and 21 countries. The Company’s business unit Bloomin’ Brands International is engaged in developing and operating its restaurants outside of the United States. Outback Steakhouse is a casual steakhouse restaurant focused on steaks flavors and Australian decor. Carrabba’s Italian Grill is a casual Italian restaurant. Bonefish Grill is a casual seafood restaurant which offers grilled fish. Fleming’s Prime Steakhouse & Wine Bar is a steakhouse which offers beef seafood and pork and chicken entrees accompanied by an assortment of salads and side dishes.

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