Douglas N. Comings Sells 10,000 Shares of Brinker International, Inc. (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EATGet Free Report) COO Douglas N. Comings sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $68.31, for a total value of $683,100.00. Following the completion of the sale, the chief operating officer now owns 38,164 shares of the company’s stock, valued at approximately $2,606,982.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Brinker International Price Performance

Shares of EAT stock opened at $70.63 on Friday. The firm has a market capitalization of $3.14 billion, a PE ratio of 20.96, a P/E/G ratio of 0.84 and a beta of 2.42. Brinker International, Inc. has a 1-year low of $28.23 and a 1-year high of $70.69. The business’s fifty day moving average price is $54.39 and its 200 day moving average price is $46.46.

Brinker International (NYSE:EATGet Free Report) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. Brinker International’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. Equities research analysts expect that Brinker International, Inc. will post 3.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EAT has been the subject of a number of research reports. Jefferies Financial Group boosted their price objective on Brinker International from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. BMO Capital Markets upped their price target on Brinker International from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on Brinker International from $48.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley upped their price target on Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Finally, Argus upgraded Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.12.

Get Our Latest Report on Brinker International

Institutional Trading of Brinker International

Large investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Brinker International in the first quarter valued at $25,000. TFO Wealth Partners LLC boosted its stake in shares of Brinker International by 64,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 648 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Brinker International by 3,611.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 650 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Brinker International by 68.9% during the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 386 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Brinker International during the third quarter valued at $31,000.

About Brinker International

(Get Free Report)

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.

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