Brinker International, Inc. (EAT) Director Sells $114,000.00 in Stock

Brinker International, Inc. (NYSE:EAT) Director Andres Tinajero sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $0.57, for a total transaction of $114,000.00.

Brinker International, Inc. (NYSE:EAT) traded up $0.25 during trading on Friday, reaching $37.27. 856,800 shares of the company’s stock traded hands, compared to its average volume of 1,365,017. The firm has a market cap of $1,760.00, a price-to-earnings ratio of 13.45, a PEG ratio of 0.83 and a beta of 0.24. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of -2.51. Brinker International, Inc. has a 1 year low of $29.50 and a 1 year high of $47.23.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). The company had revenue of $739.40 million during the quarter, compared to analyst estimates of $749.05 million. Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. research analysts expect that Brinker International, Inc. will post 3.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were paid a $0.38 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 4.08%. Brinker International’s dividend payout ratio is presently 54.87%.

A number of institutional investors have recently added to or reduced their stakes in EAT. Schwab Charles Investment Management Inc. increased its stake in Brinker International by 40.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 308,229 shares of the restaurant operator’s stock valued at $11,744,000 after buying an additional 89,023 shares during the period. Legal & General Group Plc increased its stake in Brinker International by 35.5% in the 2nd quarter. Legal & General Group Plc now owns 60,081 shares of the restaurant operator’s stock valued at $2,292,000 after buying an additional 15,753 shares during the period. Prudential Financial Inc. increased its stake in Brinker International by 127.0% in the 2nd quarter. Prudential Financial Inc. now owns 68,564 shares of the restaurant operator’s stock valued at $2,612,000 after buying an additional 38,354 shares during the period. Principal Financial Group Inc. increased its stake in shares of Brinker International by 2.9% during the 2nd quarter. Principal Financial Group Inc. now owns 207,706 shares of the restaurant operator’s stock worth $7,914,000 after purchasing an additional 5,852 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Brinker International by 12.1% during the 2nd quarter. Wells Fargo & Company MN now owns 502,852 shares of the restaurant operator’s stock worth $19,158,000 after purchasing an additional 54,221 shares during the last quarter.

Several brokerages recently commented on EAT. Barclays restated an “equal weight” rating and issued a $41.00 price target (up previously from $37.00) on shares of Brinker International in a research report on Tuesday. Zacks Investment Research upgraded shares of Brinker International from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Friday, January 12th. Stifel Nicolaus began coverage on shares of Brinker International in a research report on Monday, October 2nd. They issued a “hold” rating and a $36.00 price target for the company. BMO Capital Markets restated a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Finally, Canaccord Genuity restated a “hold” rating and issued a $40.00 price target on shares of Brinker International in a research report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.82.

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Brinker International Company Profile

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)

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