Brinker International, Inc. (NYSE:EAT) Short Interest Update

Brinker International, Inc. (NYSE:EAT) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 7,160,000 shares, a decrease of 9.1% from the May 31st total of 7,880,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 4.9 days. Approximately 16.4% of the shares of the company are sold short.

Insider Buying and Selling

In other Brinker International news, SVP Daniel S. Fuller sold 3,611 shares of Brinker International stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $69.04, for a total value of $249,303.44. Following the transaction, the senior vice president now directly owns 34,764 shares in the company, valued at $2,400,106.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Prashant Ranade sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $62.47, for a total transaction of $68,717.00. Following the completion of the sale, the director now owns 17,039 shares in the company, valued at $1,064,426.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel S. Fuller sold 3,611 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the sale, the senior vice president now owns 34,764 shares of the company’s stock, valued at approximately $2,400,106.56. The disclosure for this sale can be found here. Insiders sold a total of 57,714 shares of company stock worth $3,637,623 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Brinker International

Hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in Brinker International during the first quarter worth approximately $25,000. TFO Wealth Partners LLC increased its holdings in shares of Brinker International by 64,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after buying an additional 648 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Brinker International by 3,611.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after buying an additional 650 shares during the period. Headlands Technologies LLC acquired a new position in Brinker International in the first quarter valued at $47,000. Finally, Hollencrest Capital Management purchased a new stake in Brinker International during the first quarter valued at about $50,000.

Brinker International Trading Down 0.7 %

Shares of Brinker International stock traded down $0.48 during trading hours on Wednesday, reaching $70.58. 828,721 shares of the company’s stock were exchanged, compared to its average volume of 1,367,209. Brinker International has a 52-week low of $28.23 and a 52-week high of $76.02. The company has a fifty day moving average of $65.12 and a 200-day moving average of $51.80. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.87 and a beta of 2.52.

Brinker International (NYSE:EAT) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, equities research analysts anticipate that Brinker International will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Jefferies Financial Group lifted their price target on Brinker International from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their price objective on Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Evercore ISI raised their target price on Brinker International from $53.00 to $65.00 and gave the company an “in-line” rating in a report on Wednesday, May 22nd. Finally, Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Brinker International currently has a consensus rating of “Hold” and an average price target of $52.00.

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.