Yesterday it was reported that the EVP & COO of Casual Dining of Bloomin’ Brands (BLMN – Research Report), Gregg Scarlett, exercised options to sell 135,929 BLMN shares at $18.73 a share, for a total transaction value of $4.18M.
Following Gregg Scarlett’s last BLMN Sell transaction on May 14, 2020, the stock climbed by 20.9%. In addition to Gregg Scarlett, one other BLMN executive reported Sell trades in the last month.
The company has a one-year high of $32.81 and a one-year low of $8.37. BLMN’s market cap is $2.69 billion and the company has a P/E ratio of -40.50. The Company has a Price to Book ratio of 61.84.
Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $33.32, reflecting a -9.3% downside.
The insider sentiment on Bloomin’ Brands has been negative according to 28 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Gregg Scarlett’s trades have generated a 71.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bloomin’ Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the following segments: U.S. and International. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba’s Italian Grill. Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in October 2006 and is headquartered in Tampa, FL.