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 that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the sale, the director now directly owns 11,107 shares of the company’s stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brinker International Price Performance

Shares of NYSE:EAT opened at $182.21 on Friday. The company has a market cap of $8.09 billion, a P/E ratio of 31.58, a P/E/G ratio of 0.58 and a beta of 2.54. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 52 week low of $42.99 and a 52 week high of $192.21. The business has a fifty day simple moving average of $143.77 and a 200-day simple moving average of $105.41.

Brinker International (NYSE:EAT) last announced 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 return on equity of 879.47% and a net margin of 5.45%. Equities research analysts forecast that Brinker International, Inc. will post 8.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. Hennessy Advisors Inc. acquired a new position in Brinker International in the fourth quarter valued at $81,888,000. Assenagon Asset Management S.A. boosted its holdings in Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock valued at $77,865,000 after acquiring an additional 566,894 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Brinker International by 1,145.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator’s stock valued at $55,038,000 after acquiring an additional 382,633 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock valued at $47,351,000 after acquiring an additional 219,836 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Brinker International in the third quarter valued at $14,611,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EAT shares. The Goldman Sachs Group raised their price target on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets raised their price target on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Bank of America raised their price target on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler raised their price target on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, KeyCorp cut Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target for the company. in a report on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International has a consensus rating of “Hold” and a consensus target price of $140.18.

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.