Bloomin' Brands Inc (BLMN) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $0.30 EPS for the quarter. Analysts had a consensus estimate of $0.30. The company posted revenue of $1078.59 million in the period, compared to analysts expectations of $1090.40 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Bloomin' Brands Inc opened for trading at $18.77 and hit $19.115 on the upside on Thursday, eventually ending the session at $18.95, with a gain of 1.07% or 0.2 points. The heightened volatility saw the trading volume jump to 14,58,253 shares. Company has a market cap of $2,182 M.
In a different news, on Jul 27, 2016, Chris Thomas Sullivan (director) sold 79,150 shares at $19.05 per share price. According to the SEC, on May 26, 2016, Gregg Scarlett (EVP & Pres. Bonefish Grill) sold 8,500 shares at $18.89 per share price. On Nov 19, 2015, David J. Deno (EVP & CFAO) purchased 15,135 shares at $16.58 per share price, according to the Form-4 filing with the securities and exchange commission.
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.