Brinker International, Inc. (NYSE:EAT) COO Sells $1,253,250.00 in Stock

Brinker International, Inc. (NYSE:EAT - Get Free Report) COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the sale, the chief operating officer now owns 26,752 shares of the company's stock, valued at $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brinker International Stock Down 1.0 %

Brinker International stock traded down $1.66 during midday trading on Friday, reaching $158.55. The stock had a trading volume of 1,483,501 shares, compared to its average volume of 1,319,417. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.21. The company has a market capitalization of $7.04 billion, a P/E ratio of 27.48, a PEG ratio of 0.58 and a beta of 2.54. The company has a fifty day moving average price of $147.88 and a two-hundred day moving average price of $109.86. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. As a group, equities analysts expect that Brinker International, Inc. will post 8.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EAT has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Wedbush lifted their price target on shares of Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. KeyCorp downgraded shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target for the company. in a report on Friday, January 24th. UBS Group boosted their price target on Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of "Hold" and a consensus price target of $140.18.

Hedge Funds Weigh In On Brinker International

Hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted 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 during the last quarter. Coppell Advisory Solutions LLC bought a new stake in Brinker International during the fourth quarter worth $26,000. GAMMA Investing LLC grew its holdings in Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after buying an additional 171 shares in the last quarter. Quarry LP purchased a new stake in shares of Brinker International in the fourth quarter valued at about $48,000. Finally, R Squared Ltd purchased a new stake in shares of Brinker International in the fourth quarter valued at about $83,000.

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.