Cindy L. Davis Sells 5,802 Shares of Brinker International, Inc. (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EAT) Director Cindy L. Davis sold 5,802 shares of the stock in a transaction dated 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 owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brinker International Stock Down 0.1 %

EAT stock opened at $187.73 on Thursday. Brinker International, Inc. has a 1-year low of $42.99 and a 1-year high of $192.21. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54. 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’s 50 day moving average is $142.74 and its 200 day moving average is $104.87.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. Sell-side analysts predict that Brinker International, Inc. will post 8.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on EAT shares. Raymond James downgraded Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Morgan Stanley upgraded shares of Brinker International from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $70.00 to $115.00 in a research report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on shares of Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Northcoast Research raised shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Thursday, January 30th. Finally, KeyCorp downgraded Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 target price for the company. in a research report on Friday, January 24th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and a consensus target price of $140.18.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC raised its holdings in shares of 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 buying an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 171 shares in the last quarter. R Squared Ltd bought a new stake in shares of Brinker International in the 4th quarter worth approximately $83,000. Smartleaf Asset Management LLC boosted its stake in shares of Brinker International by 132.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,420 shares of the restaurant operator’s stock valued at $188,000 after purchasing an additional 809 shares in the last quarter. Finally, Burford Brothers Inc. bought a new position in shares of Brinker International during the 3rd quarter valued at $203,000.

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.