Brinker International, Inc. (NYSE:EAT) SVP Charles A. Lousignont purchased 2,590 shares of Brinker International stock in a transaction dated Wednesday, February 6th. The shares were purchased at an average cost of $43.00 per share, with a total value of $111,370.00. Following the acquisition, the senior vice president now owns 14,836 shares of the company’s stock, valued at approximately $637,948. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
EAT stock opened at $44.03 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.29 and a beta of 0.17. Brinker International, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $54.14.
Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, January 29th. The restaurant operator reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The business had revenue of $790.70 million during the quarter, compared to the consensus estimate of $779.19 million. Brinker International had a net margin of 4.70% and a negative return on equity of 20.64%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. Analysts forecast that Brinker International, Inc. will post 3.85 EPS for the current fiscal year.
Several equities analysts have recently issued reports on EAT shares. Telsey Advisory Group reissued a “market perform” rating and set a $53.00 price target (up previously from $49.00) on shares of Brinker International in a report on Wednesday, January 9th. ValuEngine downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Gordon Haskett started coverage on shares of Brinker International in a report on Thursday, October 18th. They set a “hold” rating and a $44.00 price target for the company. Stifel Nicolaus raised shares of Brinker International from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Finally, Zacks Investment Research downgraded shares of Brinker International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.40.
Hedge funds have recently bought and sold shares of the stock. Enlightenment Research LLC acquired a new stake in Brinker International in the fourth quarter worth about $31,000. Clarus Wealth Advisors acquired a new stake in Brinker International in the fourth quarter worth about $36,000. First Hawaiian Bank lifted its holdings in Brinker International by 164.2% in the fourth quarter. First Hawaiian Bank now owns 1,770 shares of the restaurant operator’s stock worth $78,000 after purchasing an additional 1,100 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Brinker International in the fourth quarter worth about $97,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Brinker International in the third quarter worth about $138,000.
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Brinker International Company Profile
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.
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