Bloomin’ Brands (BLMN) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Tuesday, March 06, 2018 10:15 PM ET

Bloomin’ Brands (BLMN) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

There was substantial level of selling of Bloomin’ Brands shares by insiders today, as revealed in form 4 documents filed with the SEC. Three insiders — David J Deno, Officer, Sukhdev Singh, Officer, and David Peter Schmidt, Officer — sold 88,474 shares in the company having a market value of approximately $2,050,204. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 50,178 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 138,652 shares and have averaged 27,730 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Bloomin’ Brands is higher than its 37-company peer group average. The Restaurants & Bars peer group saw 47 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Bloomin’ Brands insiders is lower than its peers. Within the peer group there were 1,995,380 shares purchased and 626,425 shares sold with company insiders having bought 76,053 shares on average over this time period.

The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* David J Deno, Officer, sold 34,474 shares
* Sukhdev Singh, Officer, sold 46,000 shares
* David Peter Schmidt, Officer, sold 8,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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