Prashant Ranade Sells 1,100 Shares of Brinker International, Inc. (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EATGet Free Report) Director Prashant Ranade sold 1,100 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $62.47, for a total transaction of $68,717.00. Following the sale, the director now directly owns 17,039 shares of the company’s stock, valued at approximately $1,064,426.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brinker International Price Performance

NYSE EAT opened at $62.56 on Friday. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $63.80. The stock has a market capitalization of $2.78 billion, a P/E ratio of 18.56, a PEG ratio of 0.83 and a beta of 2.42. The firm’s 50-day moving average is $50.53 and its two-hundred day moving average is $44.28.

Brinker International (NYSE:EATGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $1.23 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts anticipate that Brinker International, Inc. will post 3.97 EPS for the current year.

Hedge Funds Weigh In On Brinker International

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Brinker International by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock valued at $748,000 after purchasing an additional 230 shares during the period. Quadrant Capital Group LLC lifted its holdings in Brinker International by 12.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock worth $89,000 after buying an additional 235 shares in the last quarter. Signaturefd LLC lifted its holdings in Brinker International by 68.9% during the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock worth $30,000 after buying an additional 386 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Brinker International by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock valued at $424,000 after buying an additional 487 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in shares of Brinker International in the first quarter worth $25,000.

Wall Street Analyst Weigh In

EAT has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Brinker International from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Jefferies Financial Group upped their target price on shares of Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Evercore ISI raised their price target on shares of Brinker International from $50.00 to $53.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Brinker International from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley increased their price objective on shares of Brinker International from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.06.

Get Our Latest Analysis on Brinker International

About Brinker International

(Get Free Report)

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.

Further Reading

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