Brinker International, Inc. (NYSE:EAT) COO Sells $1,253,250.00 in Stock

Brinker International, Inc. (NYSE:EAT) COO Douglas N. Comings sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at approximately $4,470,259.20. This represents a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Brinker International Stock Performance

NYSE EAT opened at $164.00 on Thursday. The firm’s fifty day moving average price is $146.72 and its two-hundred day moving average price is $108.56. The stock has a market cap of $7.28 billion, a PE ratio of 28.42, a PEG 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. Brinker International, Inc. has a fifty-two week low of $42.99 and a fifty-two week high of $192.21.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. On average, equities analysts expect that Brinker International, Inc. will post 8.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. StockNews.com raised Brinker International from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Citigroup lifted their price objective on Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Barclays increased their target price on Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Piper Sandler boosted their price target on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolff Wiese Magana LLC boosted its position in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after buying an additional 100 shares during the period. GAMMA Investing LLC raised its stake in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. R Squared Ltd acquired a new position in shares of Brinker International during the fourth quarter worth $83,000. SBI Securities Co. Ltd. bought a new stake in shares of Brinker International in the fourth quarter worth $126,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Brinker International in the fourth quarter worth $146,000.

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.