Brinker International, Inc. (NYSE:EAT) COO Sells $1,409,250.00 in Stock

Brinker International, Inc. (NYSE:EAT - Get Free Report) COO Douglas N. Comings sold 7,500 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the transaction, the chief operating officer now directly owns 34,252 shares of the company's stock, valued at $6,435,950.80. The trade was a 17.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brinker International Trading Down 2.2 %

Brinker International stock traded down $3.66 during trading on Thursday, hitting $160.10. The company's stock had a trading volume of 1,627,411 shares, compared to its average volume of 1,383,807. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 0.58 and a beta of 2.54. The stock's fifty day moving average is $147.31 and its 200 day moving average is $108.92. Brinker International, Inc. has a 1-year low of $42.99 and a 1-year high of $192.21. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts predict that Brinker International, Inc. will post 8.36 EPS for the current year.

Hedge Funds Weigh In On Brinker International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC grew its holdings in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 171 shares during the period. R Squared Ltd acquired a new position in shares of Brinker International during the 4th quarter valued at $83,000. SBI Securities Co. Ltd. acquired a new position in shares of Brinker International during the 4th quarter valued at $126,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Brinker International during the 4th quarter valued at $146,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on EAT shares. Raymond James lowered shares of Brinker International from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 17th. BMO Capital Markets raised their price target on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Piper Sandler raised their price target on shares of Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $140.18.

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.