Brinker International, Inc. (NYSE:EAT) Director Cindy L. Davis Sells 5,802 Shares

Brinker International, Inc. (NYSE:EAT) Director Cindy L. Davis sold 5,802 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the transaction, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brinker International Stock Performance

NYSE:EAT opened at $187.80 on Wednesday. The stock has a market cap of $8.34 billion, a P/E ratio of 32.55, a PEG ratio of 0.58 and a beta of 2.54. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The business’s 50-day moving average price is $141.60 and its two-hundred day moving average price is $104.29. Brinker International, Inc. has a twelve month low of $42.99 and a twelve month high of $192.22.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. As a group, equities analysts predict that Brinker International, Inc. will post 8.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EAT has been the topic of several research analyst reports. Evercore ISI upped their price objective on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their price target on Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group lifted their price objective on Brinker International from $108.00 to $146.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wedbush upped their price objective on shares of Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $140.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its stake in Brinker International by 26.7% during the second quarter. Bank of Montreal Can now owns 7,378 shares of the restaurant operator’s stock worth $548,000 after purchasing an additional 1,557 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Brinker International by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,765 shares of the restaurant operator’s stock valued at $1,720,000 after buying an additional 1,025 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Brinker International in the 2nd quarter worth approximately $204,000. Algert Global LLC purchased a new stake in Brinker International in the second quarter worth approximately $322,000. Finally, Creative Planning grew its position in Brinker International by 49.3% during the second quarter. Creative Planning now owns 14,310 shares of the restaurant operator’s stock valued at $1,036,000 after acquiring an additional 4,723 shares during the last quarter.

About Brinker International

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.