5 Best Small-Cap Stocks To Buy Now

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

Number of Hedge Fund Holders: 35

Bloomin’ Brands, Inc. (NASDAQ:BLMN) is a Florida-based company that owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. On October 28, Bloomin’ Brands, Inc. (NASDAQ:BLMN) declared a quarterly dividend of $0.14 per share, in line with previous. The dividend is distributable on November 23, to shareholders of record on November 9. Bloomin’ Brands, Inc. (NASDAQ:BLMN) also posted market-beating Q3 results and lifted full-year sales forecasts. 

On October 31, investment advisory Barclays raised the firm’s price target on the shares to $28 from $26 and kept an Overweight rating on the shares following the Q3 beat. Analyst Jeffrey Bernstein issued the ratings update. 

According to Insider Monkey’s data, 35 hedge funds were bullish on Bloomin’ Brands, Inc. (NASDAQ:BLMN) at the end of the second quarter of 2022, compared to 34 funds in the prior quarter. Brett Barakett’s Tremblant Capital is the biggest stakeholder of the company, with 2.6 million shares worth $43.5 million. 

Here is what Clearbridge Investments Mid Cap Strategy has to say about Bloomin’ Brands, Inc. (NASDAQ:BLMN) in its Q1 2022 investor letter:

“We initiated a new position in Bloomin’ Brands (NASDAQ:BLMN), in the consumer discretionary sector. The owner and operator of upscale casual dining brands, including Outback Steakhouse and Bonefish Grill, the company utilized the challenges of the COVID-19 pandemic to implement new productivity operations for its waitstaff and focus on improving corporate margins. As we transition from pandemic to endemic, the company should be able to meet the rebound in restaurant attendance with an improved cost structure and better operating leverage. We believe these long-term improvements and increased demand for dining are not reflected in the current share price.”

You can also take a look at 17 Biggest Finance Companies in the World and Harvard University’s Stock Portfolio. 

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