Brinker International SVP Unloads $240,004 in Stock (EAT)
Brinker International (NYSE:EAT) SVP Krista M. Gibson sold 4,780 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $50.21, for a total value of $240,003.80. Following the transaction, the senior vice president now directly owns 57,172 shares of the company’s stock, valued at approximately $2,870,606. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Brinker International (NYSE:EAT) traded down 0.26% on Friday, hitting $50.17. The stock had a trading volume of 308,805 shares. Brinker International has a 52-week low of $30.89 and a 52-week high of $50.74. The stock has a 50-day moving average of $47.49 and a 200-day moving average of $44.06. The company has a market cap of $3.368 billion and a price-to-earnings ratio of 21.31.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $684.40 million for the quarter, compared to the consensus estimate of $699.49 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Brinker International will post $2.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, March 5th.
EAT has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Brinker International in a research note on Friday, January 24th. They now have a $60.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Brinker International from $51.00 to $54.00 in a research note on Thursday, January 23rd. They now have an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Brinker International currently has an average rating of “Buy” and an average target price of $47.19.
Brinker International, Inc (NYSE:EAT) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands.
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