Brinker International, Inc. (NYSE:EAT) CFO Michaela M. Ware Sells 3,753 Shares

Brinker International, Inc. (NYSE:EAT - Get Free Report) CFO Michaela M. Ware sold 3,753 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares of the company's stock, valued at $2,376,774.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brinker International Stock Performance

Shares of NYSE EAT traded up $2.21 during mid-day trading on Friday, reaching $104.92. 1,846,352 shares of the company were exchanged, compared to its average volume of 1,457,531. Brinker International, Inc. has a twelve month low of $33.03 and a twelve month high of $107.15. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The company's 50-day simple moving average is $81.21 and its 200-day simple moving average is $69.98. The stock has a market capitalization of $4.70 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.71 and a beta of 2.51.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business's revenue was up 12.5% on a year-over-year basis. As a group, research analysts predict that Brinker International, Inc. will post 4.78 earnings per share for the current year.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new position in Brinker International in the 1st quarter valued at about $25,000. CWM LLC increased its holdings in Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator's stock valued at $30,000 after buying an additional 204 shares during the period. Headlands Technologies LLC bought a new position in Brinker International in the 1st quarter valued at about $47,000. Hollencrest Capital Management bought a new position in Brinker International in the 1st quarter valued at about $50,000. Finally, Covestor Ltd increased its holdings in Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator's stock valued at $65,000 after buying an additional 1,300 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently commented on EAT shares. Wells Fargo & Company increased their target price on shares of Brinker International from $85.00 to $95.00 and gave the stock an "underweight" rating in a report on Thursday. Bank Of America (Bofa) increased their target price on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday. Morgan Stanley increased their target price on shares of Brinker International from $42.00 to $50.00 and gave the stock an "underweight" rating in a report on Tuesday, July 16th. Raymond James lowered shares of Brinker International from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 17th. Finally, UBS Group upped their price target on shares of Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Brinker International presently has a consensus rating of "Hold" and an average price target of $84.19.

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.