Brinker International, Inc. (NYSE:EAT) COO Sells $1,409,250.00 in Stock

Brinker International, Inc. (NYSE:EAT) COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares of the company’s stock, valued at $6,435,950.80. This trade represents a 17.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Brinker International Stock Down 0.1 %

EAT opened at $164.00 on Thursday. The stock has a fifty day moving average of $146.72 and a 200-day moving average of $108.56. The company has a market capitalization of $7.28 billion, a P/E ratio of 28.42, a P/E/G ratio of 0.58 and a beta of 2.54. Brinker International, Inc. has a fifty-two week low of $42.99 and a fifty-two week high of $192.21. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. On average, equities analysts expect that Brinker International, Inc. will post 8.36 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. UBS Group upped 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. The Goldman Sachs Group boosted their price objective on shares of Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Piper Sandler raised their price objective on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in Brinker International by 27.6% in the second quarter. Cetera Investment Advisers now owns 22,925 shares of the restaurant operator’s stock worth $1,660,000 after purchasing an additional 4,958 shares during the period. Ritholtz Wealth Management boosted its holdings in Brinker International by 16.1% during the third quarter. Ritholtz Wealth Management now owns 8,258 shares of the restaurant operator’s stock valued at $632,000 after acquiring an additional 1,146 shares during the period. Wedge Capital Management L L P NC boosted its stake in Brinker International by 39.6% during the third quarter. Wedge Capital Management L L P NC now owns 33,411 shares of the restaurant operator’s stock worth $2,557,000 after buying an additional 9,474 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Brinker International in the 3rd quarter worth approximately $218,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Brinker International by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 113,946 shares of the restaurant operator’s stock worth $8,720,000 after purchasing an additional 12,800 shares in 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.