Top 5 Stocks Kettle Hill Capital Management Is Buying

4. Bloomin’ Brands Inc. (NASDAQ:BLMN)

Bloomin’ Brands Inc (NASDAQ:BLMN) was another new addition to Kettle Hill’s 13F portfolio during Q3, with the fund opening a stake of 579,992 shares worth an even $14.5 million at the end of September. The restaurant operator has been popular among the hedge funds tracked by Insider Monkey’s database this year, hitting an 8-year high in ownership, which is up by 58% over the past three quarters. Given its meager market cap and burgeoning hedge fund ownership, BLMN has become one of the 5 Best Small-Cap Stocks to Buy According to Hedge Funds.

Bloomin’ Brands Inc (NASDAQ:BLMN)’s third quarter earnings were solid, with results passing estimates and margins improving, even as comps slid slightly. On the plus side, the latter appears to be the result of a popular promo from 2019 making comps more difficult, rather than a reflection of Bloomin’ Brands Inc (NASDAQ:BLMN) losing market share to its restaurant rivals.