Brinker International, Inc. (NYSE:EAT) VP Michaela M. Ware sold 2,078 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $48.61, for a total value of $101,011.58. Following the transaction, the vice president now directly owns 11,633 shares of the company’s stock, valued at $565,480.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of EAT traded down $0.63 during mid-day trading on Thursday, reaching $48.39. The company’s stock had a trading volume of 885,063 shares, compared to its average volume of 1,344,878. Brinker International, Inc. has a 1-year low of $32.03 and a 1-year high of $54.14. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.47 and a beta of 0.01.
Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Brinker International had a negative return on equity of 23.89% and a net margin of 4.52%. The company had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $756.40 million. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts forecast that Brinker International, Inc. will post 3.76 earnings per share for the current year.
Several research analysts recently commented on EAT shares. TheStreet cut Brinker International from a “b-” rating to a “c” rating in a research report on Wednesday, August 15th. BMO Capital Markets cut Brinker International from an “outperform” rating to an “underperform” rating and reduced their price target for the company from $43.00 to $40.00 in a research report on Monday, September 24th. Morgan Stanley increased their price target on Brinker International from $37.00 to $38.00 and gave the company an “underweight” rating in a research report on Wednesday, August 15th. Bank of America reduced their price target on Brinker International from $41.00 to $39.00 and set an “underperform” rating for the company in a research report on Thursday, August 2nd. Finally, Zacks Investment Research cut Brinker International from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.19.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hartford Investment Management Co. acquired a new stake in shares of Brinker International in the second quarter valued at approximately $279,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Brinker International in the second quarter valued at approximately $211,000. Jennison Associates LLC acquired a new stake in shares of Brinker International in the second quarter valued at approximately $1,500,000. Principal Financial Group Inc. lifted its holdings in Brinker International by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 203,678 shares of the restaurant operator’s stock worth $7,353,000 after purchasing an additional 3,638 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Brinker International during the 2nd quarter worth approximately $591,000.
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Brinker International Company Profile
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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