5 Best Ice Cream Stocks To Buy Now

3. Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Number of Hedge Fund Holders: 35   

Bloomin’ Brands, Inc. (NASDAQ:BLMN) owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. It is one of the elite ice cream stocks to invest in. Bloomin’ Brands, Inc. (NASDAQ:BLMN) released its Q2 results last month, reporting a quarterly revenue of $1,125 million, a 4% increase from the year-ago period. The lower revenue growth than some peers can be attributed to Bloomin’ Brands, Inc. (NASDAQ:BLMN) being more conservative with pricing, though this did hurt the company’s margins in the period. 

On August 01, BMO Capital analyst Andrew Strelzik kept an Outperform rating on Bloomin’ Brands, Inc. (NASDAQ:BLMN) stock and lowered the price target to $29 from $33, stating the company’s Q2 earnings exceeded consensus as to be favorable non-operating items more than offset softer comps and restaurant margins.

At the end of the second quarter of 2022, 35 hedge funds in the database of Insider Monkey held stakes worth $219 million in Bloomin’ Brands, Inc. (NASDAQ:BLMN), compared to 34 in the preceding quarter worth $337 million.