Cindy L. Davis Sells 5,802 Shares of Brinker International, Inc. (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EAT) Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares in the company, valued at $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Brinker International Stock Performance

NYSE EAT traded down $1.34 during mid-day trading on Tuesday, reaching $187.80. 1,129,597 shares of the stock were exchanged, compared to its average volume of 1,328,821. The company has a market capitalization of $8.34 billion, a P/E ratio of 32.55, a P/E/G ratio of 0.58 and a beta of 2.54. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The business’s 50 day moving average is $140.46 and its 200-day moving average is $103.44. Brinker International, Inc. has a 1 year low of $42.99 and a 1 year high of $192.22.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. On average, equities research analysts forecast that Brinker International, Inc. will post 8.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Northcoast Research raised shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Thursday, January 30th. BMO Capital Markets increased their price target on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Bank Of America (Bofa) upped their price objective on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. Wedbush increased their price objective on shares of Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Brinker International presently has an average rating of “Hold” and an average price target of $140.18.

Institutional Trading of Brinker International

A number of institutional investors and hedge funds have recently made changes to their positions in EAT. Wolff Wiese Magana LLC lifted its position in shares of Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC raised its position in Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 171 shares during the period. R Squared Ltd acquired a new stake in shares of Brinker International in the fourth quarter valued at about $83,000. Burford Brothers Inc. purchased a new stake in shares of Brinker International during the third quarter worth about $203,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Brinker International during the 2nd quarter worth about $204,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.