Insider Selling: Brinker International, Inc. (NYSE:EAT) Director Sells 10,000 Shares of Stock

Brinker International, Inc. (NYSE:EAT) Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the sale, the director now directly owns 99,297 shares in the company, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brinker International Trading Up 1.2%

NYSE EAT traded up $2.00 on Monday, reaching $173.65. The stock had a trading volume of 1,387,335 shares, compared to its average volume of 1,546,826. 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 stock has a fifty day moving average price of $149.97 and a two-hundred day moving average price of $147.67. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.21. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 0.49 and a beta of 1.71.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.18. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The company’s revenue was up 27.2% on a year-over-year basis. As a group, sell-side analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Brinker International from $165.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Barclays dropped their price target on Brinker International from $165.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup reduced their price objective on Brinker International from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.14.

Institutional Trading of Brinker International

A number of institutional investors and hedge funds have recently bought and sold shares of EAT. Farther Finance Advisors LLC grew its holdings in shares of Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new position in Brinker International in the 4th quarter valued at approximately $26,000. Financial Management Professionals Inc. acquired a new position in shares of Brinker International in the first quarter worth $30,000. National Bank of Canada FI increased its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 175 shares during the period. Finally, Continuum Advisory LLC raised its stake in shares of Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 240 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.