Bloomin’ Brands, Inc. (BLMN) Files Form 4 Insider Selling : Gregg Scarlett Sells 8,500 Shares

Bloomin’ Brands, Inc. (BLMN): Gregg Scarlett , EVP & Pres. Bonefish Grill of Bloomin’ Brands, Inc. sold 8,500 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $18.89 per share for a total value of $160,565.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Chris Thomas Sullivan (director) sold 77,335 shares at $18.02 per share price.On Nov 19, 2015, David J. Deno (EVP & CFAO) purchased 15,135 shares at $16.58 per share price.Also, On May 14, 2015, Tara Walpert Levy (director) purchased 3 shares at $24.88 per share price.On May 1, 2015, David Roy Fitzjohn (director) purchased 1 shares at $24.88 per share price.

Bloomin' Brands Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Bloomin' Brands Inc which led to swings in the share price. The shares opened for trading at $18.87 and hit $19.25 on the upside , eventually ending the session at $19.17, with a gain of 1.54% or 0.29 points. The heightened volatility saw the trading volume jump to 9,90,227 shares. The 52-week high of the share price is $23.83 and the company has a market cap of $2,207 M . The 52-week low of the share price is at $14.912.

Bloomin' Brands Inc Money Flow Index Chart

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.

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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