Insider Selling: Brinker International, Inc. (NYSE:EAT) Director Sells 10,000 Shares of Stock

Brinker International, Inc. (NYSE:EAT) Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the sale, the director now directly owns 99,297 shares of the company’s stock, valued at $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brinker International Price Performance

EAT stock opened at $168.17 on Wednesday. The firm’s 50-day moving average price is $150.92 and its two-hundred day moving average price is $148.15. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.22. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 0.49 and a beta of 1.71. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.18. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, equities analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 161 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of Brinker International during the fourth quarter valued at about $26,000. Financial Management Professionals Inc. purchased a new position in shares of Brinker International during the first quarter valued at about $30,000. National Bank of Canada FI increased its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 175 shares during the period. Finally, Continuum Advisory LLC increased its position in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 240 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EAT shares. Citigroup dropped their price objective on shares of Brinker International from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Barclays decreased their target price on shares of Brinker International from $165.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their target price on shares of Brinker International from $165.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $141.14.

Brinker International Company Profile

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.