Brinker International (NYSE:EAT) Stock Price Down 5.6% - Should You Sell?

Brinker International, Inc. (NYSE:EAT - Get Free Report) shares traded down 5.6% during mid-day trading on Thursday . The stock traded as low as $136.62 and last traded at $137.48. 161,698 shares were traded during mid-day trading, a decline of 88% from the average session volume of 1,399,031 shares. The stock had previously closed at $145.61.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. KeyCorp cut shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price on the stock. in a report on Friday, January 24th. UBS Group increased their target price on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Citigroup increased their target price on shares of Brinker International from $166.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Morgan Stanley raised shares of Brinker International from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $70.00 to $115.00 in a report on Friday, December 20th. Finally, Northcoast Research raised shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Thursday, January 30th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Brinker International has an average rating of "Hold" and an average price target of $140.18.

Remove Ads

Brinker International Stock Performance

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 company has a market cap of $6.19 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. The company's 50-day moving average price is $155.33 and its two-hundred day moving average price is $121.34.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 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%. As a group, equities analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Transactions at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the transaction, the director now owns 11,107 shares in the company, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the transaction, the chief operating officer now owns 34,252 shares in the company, valued at approximately $6,435,950.80. This trade represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock valued at $3,752,464 over the last three months. 1.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Horrell Capital Management Inc. grew its stake in shares of Brinker International by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator's stock worth $3,526,000 after acquiring an additional 76 shares during the last quarter. AdvisorShares Investments LLC grew its stake in shares of Brinker International by 4.4% in the fourth quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock worth $282,000 after acquiring an additional 89 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Brinker International by 100.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Savant Capital LLC grew its stake in shares of Brinker International by 4.7% in the fourth quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock worth $433,000 after acquiring an additional 147 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in shares of Brinker International by 3.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock worth $596,000 after acquiring an additional 148 shares during the last quarter.

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.