Insider Selling: Brinker International EVP Sells 27,000 Shares of Stock (EAT)
Brinker International (NYSE:EAT) EVP Roger F. Thomson unloaded 27,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $49.38, for a total value of $1,333,260.00. Following the sale, the executive vice president now directly owns 85,683 shares of the company’s stock, valued at approximately $4,231,027. The transaction was disclosed in a document filed with the SEC, which is available at this link.
EAT has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Tuesday, August 19th. 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.81.
Shares of Brinker International (NYSE:EAT) traded up 0.38% during mid-day trading on Monday, hitting $49.56. The stock had a trading volume of 1,061,244 shares. Brinker International has a 52-week low of $38.40 and a 52-week high of $55.45. The stock’s 50-day moving average is $46.17 and its 200-day moving average is $49.56. The company has a market cap of $3.222 billion and a price-to-earnings ratio of 21.85.
Brinker International (NYSE:EAT) last released its earnings data on Thursday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that Brinker International will post $3.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Friday, September 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, September 3rd. This is an increase from Brinker International’s previous quarterly dividend of $0.24.
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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