Brinker International, Inc. (NYSE:EAT) Director Michael A. George purchased 16,450 shares of the stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average price of $30.31 per share, with a total value of $498,599.50. Following the completion of the acquisition, the director now owns 49,952 shares in the company, valued at approximately $1,514,045.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Brinker International, Inc. (NYSE EAT) traded down 0.73% during trading on Thursday, reaching $29.89. The company had a trading volume of 1,969,039 shares. The firm’s 50 day moving average is $34.11 and its 200-day moving average is $39.51. The company has a market capitalization of $1.45 billion, a P/E ratio of 10.17 and a beta of 0.26. Brinker International, Inc. has a 12 month low of $29.50 and a 12 month high of $55.84.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.05. Brinker International had a negative return on equity of 31.46% and a net margin of 4.79%. The firm had revenue of $810.66 million during the quarter, compared to the consensus estimate of $809.94 million. During the same quarter in the previous year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts expect that Brinker International, Inc. will post $3.25 earnings per share for the current year.

Brinker International announced that its board has initiated a share buyback plan on Thursday, August 10th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the restaurant operator to reacquire up to 14.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Brinker International’s previous quarterly dividend of $0.34. Brinker International’s payout ratio is 45.48%.

ILLEGAL ACTIVITY NOTICE: “Michael A. George Buys 16,450 Shares of Brinker International, Inc. (EAT) Stock” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/09/07/michael-a-george-buys-16450-shares-of-brinker-international-inc-eat-stock.html.

Hedge funds have recently bought and sold shares of the business. Boston Financial Mangement LLC grew its position in Brinker International by 1.1% during the first quarter. Boston Financial Mangement LLC now owns 111,009 shares of the restaurant operator’s stock valued at $4,880,000 after acquiring an additional 1,168 shares during the period. UBS Asset Management Americas Inc. grew its position in Brinker International by 14.7% during the first quarter. UBS Asset Management Americas Inc. now owns 41,808 shares of the restaurant operator’s stock valued at $1,838,000 after acquiring an additional 5,350 shares during the period. Karp Capital Management Corp purchased a new stake in Brinker International during the first quarter valued at about $2,980,000. Bank of New York Mellon Corp grew its position in Brinker International by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 1,160,945 shares of the restaurant operator’s stock valued at $51,035,000 after acquiring an additional 73,715 shares during the period. Finally, Cadence Capital Management LLC boosted its position in shares of Brinker International by 65.1% in the first quarter. Cadence Capital Management LLC now owns 13,938 shares of the restaurant operator’s stock worth $613,000 after buying an additional 5,495 shares during the period.

EAT has been the subject of a number of research analyst reports. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Brinker International in a report on Monday, July 24th. ValuEngine cut Brinker International from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets set a $36.00 price target on Brinker International and gave the stock a “hold” rating in a report on Saturday, August 12th. Maxim Group reiterated a “buy” rating and set a $54.00 price target on shares of Brinker International in a report on Thursday, June 15th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 price target on shares of Brinker International in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.67.

About Brinker International

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

Insider Buying and Selling by Quarter for Brinker International (NYSE:EAT)

Receive News & Ratings for Brinker International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.