Insider Selling: Brinker International, Inc. (NYSE:EAT) Director Sells 1,100 Shares of Stock

Brinker International, Inc. (NYSE:EATGet Free Report) Director Prashant Ranade sold 1,100 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $62.47, for a total value of $68,717.00. Following the completion of the transaction, the director now directly owns 17,039 shares in the company, valued at $1,064,426.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Brinker International Stock Down 0.3 %

Shares of NYSE EAT opened at $62.56 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 18.56, a PEG ratio of 0.83 and a beta of 2.42. The stock’s 50 day moving average price is $50.53 and its two-hundred day moving average price is $44.28. Brinker International, Inc. has a 52-week low of $28.23 and a 52-week high of $63.80.

Brinker International (NYSE:EATGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business posted $1.23 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts anticipate that Brinker International, Inc. will post 3.97 EPS for the current year.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of recent research reports. Jefferies Financial Group increased their target price on Brinker International from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on shares of Brinker International from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of Brinker International from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wedbush raised their price target on shares of Brinker International from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Raymond James boosted their price objective on shares of Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.06.

Read Our Latest Report on Brinker International

Institutional Investors Weigh In On Brinker International

A number of institutional investors have recently modified their holdings of the business. Cooper Creek Partners Management LLC acquired a new position in Brinker International in the third quarter valued at approximately $57,246,000. Boston Partners bought a new stake in shares of Brinker International in the 4th quarter worth approximately $20,401,000. Norges Bank acquired a new position in Brinker International during the 4th quarter valued at approximately $12,853,000. Franklin Resources Inc. grew its stake in Brinker International by 24.6% during the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after buying an additional 296,785 shares during the last quarter. Finally, AMJ Financial Wealth Management acquired a new stake in Brinker International in the first quarter worth $7,848,000.

About Brinker International

(Get Free Report)

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.

Further Reading

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