Michaela M. Ware Sells 830 Shares of Brinker International, Inc. (EAT) Stock

Brinker International, Inc. (NYSE:EAT) VP Michaela M. Ware sold 830 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.08, for a total value of $28,286.40. Following the transaction, the vice president now owns 8,181 shares of the company’s stock, valued at $278,808.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Brinker International, Inc. (NYSE:EAT) opened at $32.88 on Friday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.38 and a current ratio of 0.43. The company has a market capitalization of $1,523.89, a price-to-earnings ratio of 12.55, a PEG ratio of 0.71 and a beta of 0.12. Brinker International, Inc. has a 1-year low of $29.50 and a 1-year high of $45.81.

Brinker International (NYSE:EAT) last announced its earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, topping the consensus estimate of $0.72 by $0.15. The company had revenue of $766.40 million for the quarter, compared to analysts’ expectations of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. research analysts expect that Brinker International, Inc. will post 3.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s payout ratio is presently 58.02%.

EAT has been the subject of several recent analyst reports. Zacks Investment Research upgraded Brinker International from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, January 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $39.00 price objective (up from $37.00) on shares of Brinker International in a research note on Wednesday, January 31st. BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a research note on Wednesday, January 31st. Maxim Group reiterated a “buy” rating and set a $49.00 price objective on shares of Brinker International in a research note on Thursday, November 2nd. Finally, Barclays increased their price objective on Brinker International from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.08.

Hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans boosted its holdings in Brinker International by 7.4% in the second quarter. Thrivent Financial For Lutherans now owns 9,925 shares of the restaurant operator’s stock valued at $378,000 after acquiring an additional 680 shares during the last quarter. FMR LLC boosted its holdings in Brinker International by 25.3% in the second quarter. FMR LLC now owns 620,589 shares of the restaurant operator’s stock valued at $23,644,000 after acquiring an additional 125,339 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brinker International by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock valued at $45,647,000 after acquiring an additional 9,729 shares during the last quarter. Royal Bank of Canada boosted its holdings in Brinker International by 10.4% in the second quarter. Royal Bank of Canada now owns 9,573 shares of the restaurant operator’s stock valued at $364,000 after acquiring an additional 899 shares during the last quarter. Finally, State Street Corp boosted its holdings in Brinker International by 18.4% in the second quarter. State Street Corp now owns 1,710,040 shares of the restaurant operator’s stock valued at $65,148,000 after acquiring an additional 265,437 shares during the last quarter.

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About Brinker International

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

Insider Buying and Selling by Quarter for Brinker International (NYSE:EAT)

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