Insider Selling: Brinker International, Inc. (EAT) Insider Sells 33,683 Shares of Stock

Brinker International, Inc. (NYSE:EAT) insider Wyman Roberts sold 33,683 shares of Brinker International stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the completion of the transaction, the insider now owns 137,572 shares in the company, valued at $5,211,227.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brinker International, Inc. (NYSE EAT) traded down $1.25 during mid-day trading on Wednesday, hitting $37.69. The stock had a trading volume of 1,713,866 shares, compared to its average volume of 1,441,359. Brinker International, Inc. has a 52 week low of $29.50 and a 52 week high of $54.43. The company has a market cap of $1,793.74, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.22 and a beta of 0.24. The company has a debt-to-equity ratio of -2.51, a quick ratio of 0.28 and a current ratio of 0.34.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The company had revenue of $739.40 million during the quarter, compared to the consensus estimate of $749.05 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. research analysts expect that Brinker International, Inc. will post 3.22 earnings per share for the current fiscal year.

Brinker International announced that its board has authorized a stock repurchase plan on Thursday, August 10th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 14.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.03%. Brinker International’s dividend payout ratio is currently 54.87%.

A number of equities analysts recently issued reports on EAT shares. Maxim Group restated a “buy” rating and issued a $49.00 target price (down from $54.00) on shares of Brinker International in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $40.00 price target (down previously from $49.00) on shares of Brinker International in a report on Wednesday, August 9th. Barclays lowered their price target on Brinker International from $44.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, August 11th. Piper Jaffray Companies reiterated a “hold” rating on shares of Brinker International in a report on Friday, August 11th. Finally, BMO Capital Markets set a $36.00 price target on Brinker International and gave the company a “hold” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $40.50.

Several hedge funds have recently added to or reduced their stakes in the company. AXA grew its stake in shares of Brinker International by 21.5% in the 3rd quarter. AXA now owns 186,760 shares of the restaurant operator’s stock valued at $5,950,000 after purchasing an additional 33,000 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Brinker International during the 3rd quarter worth approximately $1,299,000. Marco Investment Management LLC bought a new stake in Brinker International during the 3rd quarter worth approximately $427,000. Neuberger Berman Group LLC bought a new stake in Brinker International during the 3rd quarter worth approximately $306,000. Finally, California Public Employees Retirement System grew its position in Brinker International by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 185,780 shares of the restaurant operator’s stock worth $5,919,000 after acquiring an additional 15,726 shares during the last quarter.

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Brinker International Company Profile

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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