5 Best Small-Cap Stocks to Buy According to Hedge Funds

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

Market Cap: $2.31 billion
Number of Hedge Fund Holders: 32

Bloomin’ Brands, Inc. (NASDAQ: BLMN) is an American restaurant holding company, with headquarters in Florida, U.S. The company owns and operates over 1,400 restaurants in 47 states. Some of the famous casual dining chains owned by Bloomin’ Brands, Inc. (NASDAQ: BLMN) include Outback Steakhouse and Carrabba’s Italian Grill.

In Q2 2021, Bloomin’ Brands, Inc. (NASDAQ: BLMN) reported an EPS of $0.81, beating the consensus by $0.08. The consolidated revenue for the quarter stood at $1.08 billion, presenting an 86.7% year-over-year growth. Moreover, Bloomin’ Brands, Inc. (NASDAQ: BLMN) also reported a 65.8% growth in comparable restaurant sales. Recently, Credit Suisse upgraded Bloomin’ Brands, Inc. (NASDAQ: BLMN) to ‘Outperform’ with a $33 price target. The firm appreciated the company’s in-restaurant sales growth.

As of Q1 2021, 32 hedge funds have positions in Bloomin’ Brands, Inc. (NASDAQ: BLMN), worth $498.2 million. The number is up from 24 funds in the previous quarter.