Joseph G. Taylor Sells 1,500 Shares of Brinker International Inc. (EAT) Stock
Brinker International Inc. (NYSE:EAT) VP Joseph G. Taylor sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $51.69, for a total value of $77,535.00. Following the sale, the vice president now directly owns 2,000 shares in the company, valued at approximately $103,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Brinker International Inc. (NYSE:EAT) opened at 53.59 on Monday. The firm has a 50-day moving average price of $50.36 and a 200 day moving average price of $48.67. Brinker International Inc. has a one year low of $43.20 and a one year high of $55.16. The firm has a market capitalization of $2.66 billion, a PE ratio of 16.07 and a beta of 0.18.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $758.50 million for the quarter, compared to the consensus estimate of $773.19 million. Brinker International had a negative return on equity of 68.57% and a net margin of 5.86%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. Analysts anticipate that Brinker International Inc. will post $3.42 EPS for the current fiscal year.
A number of research firms recently issued reports on EAT. Argus reiterated a “hold” rating on shares of Brinker International in a report on Thursday, August 18th. Canaccord Genuity began coverage on Brinker International in a report on Monday, August 22nd. They set a “hold” rating and a $56.00 price objective for the company. Zacks Investment Research downgraded Brinker International from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. RBC Capital Markets reiterated a “sector perform” rating and set a $54.00 price objective (down from $55.00) on shares of Brinker International in a report on Thursday, October 27th. Finally, Telsey Advisory Group increased their price objective on Brinker International from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.72.
A number of hedge funds have recently modified their holdings of EAT. State Street Corp raised its position in Brinker International by 4.1% in the first quarter. State Street Corp now owns 1,711,631 shares of the company’s stock valued at $78,653,000 after buying an additional 67,579 shares in the last quarter. Prudential Financial Inc. raised its position in Brinker International by 4.1% in the second quarter. Prudential Financial Inc. now owns 510,393 shares of the company’s stock valued at $23,239,000 after buying an additional 20,057 shares in the last quarter. Denver Investment Advisors LLC acquired a new position in Brinker International during the second quarter valued at about $12,272,000. Cooke & Bieler LP raised its position in Brinker International by 25.5% in the second quarter. Cooke & Bieler LP now owns 1,350,420 shares of the company’s stock valued at $61,485,000 after buying an additional 274,438 shares in the last quarter. Finally, Springbok Capital Management LLC raised its position in Brinker International by 601.0% in the first quarter. Springbok Capital Management LLC now owns 14,616 shares of the company’s stock valued at $672,000 after buying an additional 12,531 shares in the last quarter.
Brinker International Company Profile
Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.
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