Bloomin’ Brands, Inc. (BLMN) Files Form 4 Insider Selling : Chris Thomas Sullivan Sells 133,000 Shares

Bloomin’ Brands, Inc. (BLMN): Chris Thomas Sullivan , director of Bloomin’ Brands, Inc. sold 133,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $19.48 per share for a total value of $2,591,185.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Gregg Scarlett (EVP & Pres. Bonefish Grill) sold 8,500 shares at $18.89 per share price.On Apr 14, 2016, Chris Thomas Sullivan (director) sold 77,335 shares at $18.02 per share price.Also, On Nov 19, 2015, David J. Deno (EVP & CFAO) purchased 15,135 shares at $16.58 per share price.On May 14, 2015, Tara Walpert Levy (director) purchased 3 shares at $24.88 per share price.

Shares of Bloomin' Brands Inc (BLMN) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.81% at $19.48 with 6,02,977 shares getting traded. Post opening the session at $19.6, the shares hit an intraday low of $19.335 and an intraday high of $19.6 and the price vacillated in this range throughout the day. The company has a market cap of $2,243 M and the number of outstanding shares has been calculated to be 11,51,53,097 shares. The 52-week high of Bloomin' Brands Inc is $23.83 and the 52-week low is $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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