Brinker International, Inc. (NYSE:EAT) insider Wyman Roberts sold 35,478 shares of Brinker International stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $47.55, for a total transaction of $1,686,978.90. Following the transaction, the insider now owns 149,991 shares in the company, valued at approximately $7,132,072.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Brinker International stock opened at $49.25 on Friday. Brinker International, Inc. has a 12-month low of $32.03 and a 12-month high of $54.14. The firm has a market cap of $1.89 billion, a P/E ratio of 14.07, a PEG ratio of 1.47 and a beta of 0.01.
Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $753.80 million for the quarter, compared to the consensus estimate of $756.40 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that Brinker International, Inc. will post 3.76 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Hartford Investment Management Co. purchased a new stake in Brinker International during the 2nd quarter worth $279,000. Ausdal Financial Partners Inc. purchased a new stake in Brinker International during the 2nd quarter worth $211,000. Jennison Associates LLC purchased a new stake in Brinker International during the 2nd quarter worth $1,500,000. Principal Financial Group Inc. increased its stake 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 buying an additional 3,638 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Brinker International during the 2nd quarter worth $591,000.
Several equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Brinker International from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Monday, July 16th. Zacks Investment Research lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Barclays lifted their target price on shares of Brinker International from $46.00 to $50.00 and gave the company a “$49.71” rating in a report on Wednesday, July 18th. BMO Capital Markets lowered shares of Brinker International from an “outperform” rating to an “underperform” rating and reduced their target price for the company from $43.00 to $40.00 in a report on Monday, September 24th. Finally, Gordon Haskett assumed coverage on shares of Brinker International in a report on Thursday, October 18th. They set a “hold” rating and a $44.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given 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.
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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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