Insider Selling: Brinker International VP Sells 5,993 Shares of Stock (EAT)
Brinker International (NYSE:EAT) VP David R. Parsley sold 5,993 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $46.72, for a total value of $279,992.96. Following the sale, the vice president now directly owns 3,990 shares in the company, valued at approximately $186,413. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Brinker International (NYSE:EAT) traded down 0.68% on Wednesday, hitting $48.12. The stock had a trading volume of 282,991 shares. 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 $46.21 and a 200-day moving average of $49.55. The company has a market cap of $3.128 billion and a price-to-earnings ratio of 21.44.
Brinker International (NYSE:EAT) last announced its earnings results on Thursday, August 7th. The company reported $0.85 earnings per share (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 Wunderlich upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $55.00 price target on the stock, up previously from $52.00. Separately, analysts at Tigress Financial reiterated a “” rating on shares of Brinker International in a research note on Thursday, August 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Brinker International has an average rating of “Buy” and an average target price of $47.81.
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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