Insider Selling: Wyman Roberts Sells 3,899 Shares of Brinker International Stock (EAT)
Brinker International (NYSE:EAT) CEO Wyman Roberts sold 3,899 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $46.80, for a total value of $182,473.20. Following the completion of 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 legal filing with the SEC, which is available at this link.
EAT has been the subject of a number of recent research reports. 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 assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.61.
Shares of Brinker International (NYSE:EAT) opened at 46.78 on Monday. Brinker International has a one year low of $38.40 and a one year high of $55.45. The stock’s 50-day moving average is $46.1 and its 200-day moving average is $49.54. The company has a market cap of $3.041 billion and a price-to-earnings ratio of 20.70.
Brinker International (NYSE:EAT) last posted 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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