Insider Selling: Brinker International, Inc. (NYSE:EAT) Director Sells 5,802 Shares of Stock

Brinker International, Inc. (NYSE:EAT - Get Free Report) Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the sale, the director now directly owns 11,107 shares in the company, valued at $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brinker International Price Performance

Shares of EAT traded down $10.11 during midday trading on Friday, reaching $172.17. The stock had a trading volume of 1,653,382 shares, compared to its average volume of 1,319,417. The firm's 50 day moving average price is $144.57 and its 200-day moving average price is $106.42. Brinker International, Inc. has a 52 week low of $42.99 and a 52 week high of $192.21. The company has a market capitalization of $7.65 billion, a P/E ratio of 29.84, a P/E/G ratio of 0.58 and a beta of 2.54. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share 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, analysts forecast that Brinker International, Inc. will post 8.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on EAT shares. Stifel Nicolaus increased their target price on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Bank of America raised their price objective on Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Evercore ISI lifted 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. Finally, UBS Group increased their price objective on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $140.18.

Institutional Trading of Brinker International

A number of large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock valued at $20,879,000 after acquiring an additional 51,927 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Brinker International during the third quarter worth $5,330,000. Intech Investment Management LLC lifted its holdings in shares of Brinker International by 399.9% during the third quarter. Intech Investment Management LLC now owns 24,102 shares of the restaurant operator's stock valued at $1,845,000 after purchasing an additional 19,281 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of Brinker International in the 3rd quarter valued at $941,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Brinker International in the 3rd quarter valued at $2,273,000.

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.