Insider Selling: Brinker International, Inc. (NYSE:EAT) COO Sells 500 Shares of Stock

Brinker International, Inc. (NYSE:EATGet Rating) COO Douglas N. Comings sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $30.18, for a total transaction of $15,090.00. Following the transaction, the chief operating officer now directly owns 26,159 shares of the company’s stock, valued at approximately $789,478.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of EAT stock traded down $1.38 on Thursday, hitting $28.51. The stock had a trading volume of 1,579,504 shares, compared to its average volume of 1,192,175. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.02 and a beta of 2.33. The stock’s 50 day moving average is $35.99 and its 200-day moving average is $37.36. Brinker International, Inc. has a 52-week low of $28.46 and a 52-week high of $65.21.

Brinker International (NYSE:EATGet Rating) last announced its earnings results on Wednesday, May 4th. The restaurant operator reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $980.40 million during the quarter, compared to analysts’ expectations of $978.08 million. Brinker International had a net margin of 4.02% and a negative return on equity of 53.59%. Brinker International’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. Sell-side analysts expect that Brinker International, Inc. will post 3.15 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in Brinker International by 9.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 90,783 shares of the restaurant operator’s stock valued at $3,464,000 after acquiring an additional 8,139 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Brinker International by 2,694.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 761,011 shares of the restaurant operator’s stock valued at $29,040,000 after acquiring an additional 733,782 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in Brinker International during the 1st quarter valued at $210,000. Quantamental Technologies LLC bought a new position in Brinker International during the 1st quarter valued at $210,000. Finally, Royal Bank of Canada boosted its stake in Brinker International by 28.4% during the 1st quarter. Royal Bank of Canada now owns 63,965 shares of the restaurant operator’s stock valued at $2,440,000 after acquiring an additional 14,141 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

Several equities analysts recently commented on EAT shares. StockNews.com started coverage on shares of Brinker International in a research report on Thursday, March 31st. They set a “hold” rating for the company. Jefferies Financial Group dropped their price target on shares of Brinker International from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 3rd. Wedbush upped their price target on shares of Brinker International from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, February 3rd. Raymond James dropped their price target on shares of Brinker International from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. Finally, BMO Capital Markets dropped their price target on shares of Brinker International from $60.00 to $48.00 in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Brinker International presently has a consensus rating of “Hold” and a consensus price target of $46.47.

Brinker International Company Profile (Get Rating)

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. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name.

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Insider Buying and Selling by Quarter for Brinker International (NYSE:EAT)

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