Brinker International, Inc. (NYSE:EAT) CFO Michaela M. Ware Sells 3,753 Shares

Brinker International, Inc. (NYSE:EAT) CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Brinker International Stock Performance

Shares of NYSE:EAT traded up $2.23 during trading on Friday, reaching $104.94. The company had a trading volume of 1,846,232 shares, compared to its average volume of 1,457,531. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.32. The stock’s fifty day moving average price is $79.86 and its 200 day moving average price is $69.33. Brinker International, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $107.15. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.71 and a beta of 2.51.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. Brinker International’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts predict that Brinker International, Inc. will post 4.78 EPS for the current year.

Wall Street Analyst Weigh In

EAT has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. cut Brinker International from an “overweight” rating to a “neutral” rating and raised their target price for the company from $67.00 to $100.00 in a report on Thursday. Bank Of America (Bofa) lifted their target price on Brinker International from $94.00 to $97.00 in a research report on Tuesday. Raymond James cut shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Finally, Wedbush restated a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $84.19.

Institutional Investors Weigh In On Brinker International

A number of institutional investors have recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC lifted its holdings in shares of Brinker International by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after buying an additional 135 shares during the period. Nisa Investment Advisors LLC raised its position in Brinker International by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after acquiring an additional 169 shares in the last quarter. CWM LLC lifted its holdings in Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the period. Arizona State Retirement System boosted its position in shares of Brinker International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after purchasing an additional 234 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the period.

Brinker International Company Profile

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.