Brinker International Target of Unusually High Options Trading (EAT)

Brinker International, Inc. (NYSE:EAT) was the recipient of some unusual options trading activity on Monday. Investors purchased 1,986 call options on the stock. This represents an increase of 1,089% compared to the average daily volume of 167 call options.

Several equities research analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Brinker International in a research report on Wednesday, October 24th. They set a “hold” rating and a $50.00 price objective for the company. Gordon Haskett assumed coverage on shares of Brinker International in a research report on Thursday, October 18th. They set a “hold” rating and a $44.00 price objective for the company. BMO Capital Markets cut shares of Brinker International from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $43.00 to $40.00 in a research report on Monday, September 24th. TheStreet cut shares of Brinker International from a “b-” rating to a “c” rating in a research report on Wednesday, August 15th. Finally, Canaccord Genuity decreased their price objective on shares of Brinker International from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.06.

In other Brinker International news, EVP Kelli Valade sold 4,905 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $43.37, for a total value of $212,729.85. Following the completion of the transaction, the executive vice president now directly owns 74,068 shares in the company, valued at approximately $3,212,329.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.72% of the company’s stock.



Hedge funds and other institutional investors have recently modified their holdings of the stock. LifePlan Financial Group Inc bought a new position in Brinker International during the second quarter worth $112,000. Mount Yale Investment Advisors LLC bought a new position in shares of Brinker International in the first quarter valued at $153,000. Sei Investments Co. lifted its stake in shares of Brinker International by 913.2% in the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 3,242 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Brinker International in the second quarter valued at $199,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Brinker International in the second quarter valued at $211,000.

Shares of NYSE EAT opened at $43.62 on Tuesday. The firm has a market cap of $1.76 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.28 and a beta of -0.06. Brinker International has a 12-month low of $29.94 and a 12-month high of $54.14.

Brinker International (NYSE:EAT) last issued its earnings results on Tuesday, August 14th. The restaurant operator reported $1.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.19. The business had revenue of $817.10 million for the quarter, compared to analyst estimates of $817.93 million. Brinker International had a net margin of 4.01% and a negative return on equity of 26.82%. Brinker International’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. On average, analysts predict that Brinker International will post 3.74 EPS for the current year.

About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

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

Leave a Reply