Brinker International CEO Wyman Roberts Unloads 3,899 Shares (EAT)
Brinker International (NYSE:EAT) CEO Wyman Roberts sold 3,899 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $46.80, for a total value of $182,473.20. Following the transaction, the chief executive officer now directly owns 81,562 shares in the company, valued at approximately $3,817,102. The sale was disclosed in a document filed with the SEC, which is available at this link.
Brinker International (NYSE:EAT) traded down 0.06% on Thursday, hitting $46.51. 720,520 shares of the company’s stock traded hands. Brinker International has a 1-year low of $38.40 and a 1-year high of $55.45. The stock has a 50-day moving average of $46.42 and a 200-day moving average of $49.58. The company has a market cap of $3.024 billion and a price-to-earnings ratio of 20.59.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.38. The company had revenue of $758.73 million for the quarter, compared to the consensus estimate of $968.45 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Brinker International will post $3.08 earnings per share for the current fiscal year.
A number of research firms have recently commented on EAT. Analysts at Tigress Financial reiterated a “” rating on shares of Brinker International in a research note on Thursday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Brinker International in a research note on Monday. They now have a $53.00 price target on the stock, down previously from $59.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Brinker International in a research note on Monday. They now have a $48.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.61.
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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