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.
WARNING: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/18/michaela-m-ware-sells-830-shares-of-brinker-international-inc-eat-stock-2.html.
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.
Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.