Maplelane Capital adds Bloomin' Brands Inc (BLMN) to its portfolio

Bloomin' Brands Inc (BLMN) : Maplelane Capital added new position in Bloomin' Brands Inc during the most recent quarter end. The investment management firm now holds 422,501 shares of Bloomin' Brands Inc which is valued at $8,014,844 , the company said in a statement filed on Aug 15, 2016 with the SEC.Bloomin' Brands Inc makes up approximately 0.78% of Maplelane Capital’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors added BLMN to its portfolio by purchasing 20,766 company shares during the most recent quarter which is valued at $393,931. Bloomin' Brands Inc makes up approx 0.02% of A.r.t. Advisors’s portfolio.Trexquant Investment Lp reduced its stake in BLMN by selling 37,015 shares or 68.29% in the most recent quarter. The Hedge Fund company now holds 17,185 shares of BLMN which is valued at $325,999. Bloomin' Brands Inc makes up approx 0.04% of Trexquant Investment Lp’s portfolio. Thompson Siegel Walmsley added BLMN to its portfolio by purchasing 663,011 company shares during the most recent quarter which is valued at $12,212,663. Bloomin' Brands Inc makes up approx 0.18% of Thompson Siegel Walmsley’s portfolio.River Road Asset Management reduced its stake in BLMN by selling 179,481 shares or 11.99% in the most recent quarter. The Hedge Fund company now holds 1,317,726 shares of BLMN which is valued at $24,272,513. Bloomin' Brands Inc makes up approx 0.50% of River Road Asset Management’s portfolio.Intrust Bank Na reduced its stake in BLMN by selling 34,780 shares or 72.5% in the most recent quarter. The Hedge Fund company now holds 13,191 shares of BLMN which is valued at $236,778. Bloomin' Brands Inc makes up approx 0.09% of Intrust Bank Na’s portfolio.

Bloomin' Brands Inc opened for trading at $19.46 and hit $19.68 on the upside on Thursday, eventually ending the session at $19.58, with a gain of 0.20% or 0.04 points. The heightened volatility saw the trading volume jump to 9,10,037 shares. Company has a market cap of $2,192 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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