Insider Selling: Brinker International VP Unloads 5,993 Shares of Stock (EAT)
Brinker International (NYSE:EAT) VP David R. Parsley sold 5,993 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $46.72, for a total value of $279,992.96. Following the completion of the transaction, the vice president now directly owns 3,990 shares in the company, valued at approximately $186,413. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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, August 11th. 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, August 11th. They now have a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $47.61.
Brinker International (NYSE:EAT) traded up 1.60% during mid-day trading on Monday, hitting $47.53. 850,153 shares of the company’s stock traded hands. Brinker International has a 52 week low of $38.40 and a 52 week high of $55.45. The stock has a 50-day moving average of $46.1 and a 200-day moving average of $49.54. The company has a market cap of $3.090 billion and a price-to-earnings ratio of 20.70.
Brinker International (NYSE:EAT) last announced its quarterly earnings results 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. Analysts expect that Brinker International will post $3.10 EPS for the current fiscal year.
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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