Bloomin’ Brands Inc. (NASDAQ:BLMN) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bloomin’ Brands Inc. (NASDAQ:BLMN) reported that Basham Robert Danker has picked up 6,113,000 of common stock as of 2017-03-31.

The acquisition brings the aggregate amount owned by Basham Robert Danker to a total of 6,113,000 representing a 5.8% stake in the company.

For those not familiar with the company, Bloomin’ Brands, Inc. is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States. As of December 25, 2016, the Company had a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. OSI Restaurant Partners, LLC (OSI) is the Company’s primary operating entity. New Private Restaurant Properties, LLC (PRP), an indirect subsidiary of the Company, leases the Company-owned restaurant properties to OSI’s subsidiaries. As of December 25, 2016, the Company owned and operated 1,276 restaurants and franchised 240 restaurants across 48 states, Puerto Rico, Guam and 20 countries.

A glance at Bloomin’ Brands Inc. (NASDAQ:BLMN)’s key stats reveals a current market capitalization of 2.07 Billion based on 102.84 Million shares outstanding and a price at last close of $19.73 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-10, Singh picked up 120 at a purchase price of $17.65. This brings their total holding to 42,325 as of the date of the filing.

On the sell side, the most recent transaction saw Singh unload 120 shares at a sale price of $17.99. This brings their total holding to 42,205.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Bloomin’ Brands Inc. (NASDAQ:BLMN) as things move forward to see if its progress aligns with these transactions.

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