Brinker International, Inc. (NYSE:EAT) insider Wyman Roberts sold 35,478 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $47.55, for a total transaction of $1,686,978.90. Following the sale, the insider now directly owns 149,991 shares of the company’s stock, valued at $7,132,072.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
EAT stock traded down $0.52 during trading on Thursday, reaching $48.50. The stock had a trading volume of 26,149 shares, compared to its average volume of 1,480,657. Brinker International, Inc. has a one year low of $32.03 and a one year high of $54.14. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.47 and a beta of 0.01.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. Brinker International had a net margin of 4.52% and a negative return on equity of 23.89%. The business had revenue of $753.80 million during the quarter, compared to the consensus estimate of $756.40 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Brinker International, Inc. will post 3.76 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on EAT shares. Maxim Group reissued a “buy” rating and set a $55.00 target price on shares of Brinker International in a research report on Tuesday, October 30th. Piper Jaffray Companies boosted their target price on shares of Brinker International to $48.00 and gave the stock a “positive” rating in a research report on Wednesday, August 15th. Loop Capital started coverage on shares of Brinker International in a research report on Wednesday, October 24th. They set a “hold” rating and a $50.00 target price for the company. Morgan Stanley boosted their target price on shares of Brinker International from $38.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 31st. Finally, BMO Capital Markets set a $43.00 target price on shares of Brinker International and gave the stock a “hold” rating in a research report on Tuesday, August 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $46.19.
A number of hedge funds have recently modified their holdings of EAT. UBS Group AG boosted its stake in Brinker International by 515.9% in the first quarter. UBS Group AG now owns 117,120 shares of the restaurant operator’s stock valued at $4,229,000 after acquiring an additional 98,103 shares during the last quarter. Royal Bank of Canada boosted its stake in Brinker International by 112.9% in the first quarter. Royal Bank of Canada now owns 122,714 shares of the restaurant operator’s stock valued at $4,431,000 after acquiring an additional 65,068 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Brinker International by 1.8% in the first quarter. Principal Financial Group Inc. now owns 203,678 shares of the restaurant operator’s stock valued at $7,353,000 after acquiring an additional 3,638 shares during the last quarter. Alpha Windward LLC purchased a new position in Brinker International in the second quarter valued at about $551,000. Finally, Boston Advisors LLC purchased a new position in Brinker International in the second quarter valued at about $683,000.
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About Brinker International
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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