Brinker International, Inc. (NYSE:EAT) CEO Sells $7,266,555.66 in Stock

Brinker International, Inc. (NYSE:EAT) CEO Wyman Roberts sold 102,882 shares of the stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $70.63, for a total transaction of $7,266,555.66. Following the transaction, the chief executive officer now owns 338,668 shares in the company, valued at $23,920,120.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wyman Roberts also recently made the following trade(s):

  • On Tuesday, March 23rd, Wyman Roberts sold 174,326 shares of Brinker International stock. The shares were sold at an average price of $68.69, for a total transaction of $11,974,452.94.

NYSE:EAT opened at $67.13 on Monday. Brinker International, Inc. has a 1-year low of $17.15 and a 1-year high of $78.33. The business’s 50-day moving average price is $70.61 and its two-hundred day moving average price is $60.29. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 117.77, a PEG ratio of 1.08 and a beta of 2.65.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, April 27th. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The business had revenue of $828.40 million during the quarter, compared to the consensus estimate of $837.55 million. Brinker International had a negative return on equity of 12.26% and a net margin of 0.67%. Brinker International’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. As a group, sell-side analysts expect that Brinker International, Inc. will post 2.54 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in Brinker International during the 1st quarter worth approximately $36,000. Strs Ohio acquired a new position in shares of Brinker International during the 3rd quarter worth $34,000. Veriti Management LLC acquired a new position in shares of Brinker International during the 4th quarter worth $114,000. Convergence Investment Partners LLC bought a new stake in Brinker International during the 1st quarter worth $164,000. Finally, Meeder Asset Management Inc. grew its position in Brinker International by 61.6% during the 1st quarter. Meeder Asset Management Inc. now owns 2,492 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 950 shares during the last quarter. Institutional investors own 97.17% of the company’s stock.

Several analysts recently commented on EAT shares. Wells Fargo & Company raised their price target on shares of Brinker International from $62.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, April 15th. Stephens boosted their price target on shares of Brinker International from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Telsey Advisory Group upped their target price on shares of Brinker International from $65.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group started coverage on shares of Brinker International in a report on Tuesday, January 19th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Piper Sandler upped their price objective on shares of Brinker International from $70.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, February 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Brinker International currently has an average rating of “Buy” and an average target price of $67.85.

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 24, 2020, it owned, operated, or franchised 1,663 restaurants comprising 1,610 restaurants under the Chili's Grill & Bar name and 53 restaurants under the Maggiano's Little Italy brand name.

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