Cindy L. Davis Sells 5,802 Shares of Brinker International, Inc. (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EAT) Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the transaction, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Brinker International Stock Performance

Shares of Brinker International stock opened at $187.80 on Wednesday. Brinker International, Inc. has a 12 month low of $42.99 and a 12 month high of $192.22. The firm has a market capitalization of $8.34 billion, a P/E ratio of 32.55, a P/E/G ratio of 0.58 and a beta of 2.54. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The business has a fifty day simple moving average of $141.60 and a two-hundred day simple moving average of $104.29.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. On average, equities analysts forecast that Brinker International, Inc. will post 8.33 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

A number of hedge funds have recently made changes to their positions in EAT. Wolff Wiese Magana LLC increased its stake in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 171 shares during the last quarter. R Squared Ltd bought a new stake in shares of Brinker International during the fourth quarter valued at approximately $83,000. Burford Brothers Inc. purchased a new position in Brinker International in the 3rd quarter worth approximately $203,000. Finally, Mackenzie Financial Corp bought a new position in Brinker International in the 2nd quarter valued at approximately $204,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Evercore ISI upped their price target on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a report on Tuesday, October 15th. Bank Of America (Bofa) increased their price target on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Barclays boosted their price objective on shares of Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Piper Sandler increased their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International has a consensus rating of “Hold” and an average target price of $140.18.

About Brinker International

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.