Bloomin’ Brands, Inc. (BLMN) Files Form 4 Insider Selling : Chris Thomas Sullivan Sells 77,335 Shares

Bloomin’ Brands, Inc. (BLMN): Chris Thomas Sullivan , director of Bloomin’ Brands, Inc. sold 77,335 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $18.02 per share for a total value of $1,393,754.62 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Bloomin' Brands Inc is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 11, 2016.

Currently the company Insiders own 6.68% of Bloomin' Brands Inc shares according to the proxy statements.Institutional Investors own 88.42% of Bloomin' Brands Inc shares.During last six month period, the net percent change held by insiders has seen a change of 91.86%.

Bloomin' Brands Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in Bloomin' Brands Inc which led to swings in the share price. The shares opened for trading at $17.77 and hit $17.97 on the upside , eventually ending the session at $17.69, with a gain of 3.33% or 0.57 points. The heightened volatility saw the trading volume jump to 22,06,382 shares. The 52-week high of the share price is $23.83 and the company has a market cap of $2,111 M . The 52-week low of the share price is at $14.912.

Bloomin' Brands Inc Money Flow Index Chart

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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