Brinker International Inc. (EAT) Insider Steve Provost Sells 9,728 Shares
Brinker International Inc. (NYSE:EAT) insider Steve Provost sold 9,728 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $53.91, for a total transaction of $524,436.48. Following the completion of the transaction, the insider now directly owns 13,372 shares of the company’s stock, valued at approximately $720,884.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Steve Provost also recently made the following trade(s):
- On Wednesday, August 24th, Steve Provost sold 11,000 shares of Brinker International stock. The stock was sold at an average price of $54.56, for a total transaction of $600,160.00.
Brinker International Inc. (NYSE:EAT) opened at 53.92 on Tuesday. The firm has a market cap of $2.68 billion, a P/E ratio of 16.17 and a beta of 0.18. The company’s 50 day moving average is $50.82 and its 200 day moving average is $49.05. Brinker International Inc. has a 52-week low of $43.20 and a 52-week high of $55.84.
Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, October 25th. The company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.06. The company earned $758.50 million during the quarter, compared to analysts’ expectations of $773.19 million. Brinker International had a net margin of 5.86% and a negative return on equity of 68.57%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. Equities research analysts forecast that Brinker International Inc. will post $3.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, December 9th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, December 7th. Brinker International’s dividend payout ratio (DPR) is 40.84%.
A number of brokerages recently commented on EAT. Telsey Advisory Group boosted their price objective on shares of Brinker International from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, August 12th. Maxim Group reissued a “buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Brinker International in a research note on Friday, August 12th. Royal Bank Of Canada lifted their price target on shares of Brinker International from $49.00 to $55.00 and gave the stock a “sector perform” rating in a report on Friday, August 12th. Zacks Investment Research lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Friday, October 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price target on shares of Brinker International in a report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.72.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC bought a new position in Brinker International during the second quarter worth approximately $7,109,000. Atria Investments LLC bought a new position in Brinker International during the second quarter worth approximately $259,000. Alpha Windward LLC increased its position in Brinker International by 19.6% in the second quarter. Alpha Windward LLC now owns 9,829 shares of the company’s stock worth $448,000 after buying an additional 1,609 shares during the period. CenturyLink Investment Management Co increased its position in Brinker International by 5.8% in the second quarter. CenturyLink Investment Management Co now owns 30,511 shares of the company’s stock worth $1,389,000 after buying an additional 1,684 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Brinker International by 5.5% in the second quarter. BNP Paribas Arbitrage SA now owns 30,840 shares of the company’s stock worth $1,404,000 after buying an additional 1,617 shares during the period.
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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