Insider Buying: Brinker International, Inc. (NYSE:EAT) Director Acquires 500 Shares of Stock

Brinker International, Inc. (NYSE:EAT – Get Rating) Director Prashant Ranade purchased 500 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average price of $25.40 per share, for a total transaction of $12,700.00. Following the completion of the purchase, the director now directly owns 11,307 shares of the company’s stock, valued at $287,197.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE EAT opened at $30.52 on Friday. Brinker International, Inc. has a 1-year low of $25.14 and a 1-year high of $65.21. The stock has a fifty day moving average price of $34.98 and a 200 day moving average price of $36.63. The company has a market cap of $1.34 billion, a PE ratio of 9.33, a P/E/G ratio of 0.91 and a beta of 2.33.

Brinker International (NYSE:EAT – Get Rating) last released its earnings results on Wednesday, May 4th. The restaurant operator reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). Brinker International had a net margin of 4.02% and a negative return on equity of 53.59%. The business had revenue of $980.40 million during the quarter, compared to analyst estimates of $978.08 million. During the same period last year, the business posted $0.78 EPS. Brinker International’s revenue was up 18.3% compared to the same quarter last year. On average, research analysts expect that Brinker International, Inc. will post 3.15 EPS for the current year.

EAT has been the subject of a number of analyst reports. Barclays lowered their price objective on Brinker International from $44.00 to $37.00 in a research report on Thursday, May 5th. Jefferies Financial Group lowered their price objective on Brinker International from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 3rd. Stephens boosted their price objective on Brinker International from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 3rd. Royal Bank of Canada upped their price target on Brinker International from $38.00 to $40.00 and gave the company a “sector perform” rating in a report on Thursday, February 3rd. Finally, Citigroup assumed coverage on Brinker International in a report on Tuesday, April 12th. They issued a “neutral” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International presently has an average rating of “Hold” and an average price target of $46.47.

A number of institutional investors have recently added to or reduced their stakes in EAT. Future Financial Wealth Managment LLC acquired a new stake in Brinker International in the fourth quarter valued at $30,000. CWM LLC lifted its holdings in Brinker International by 200.9% in the first quarter. CWM LLC now owns 1,044 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 697 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Brinker International in the fourth quarter valued at $51,000. FourThought Financial LLC raised its stake in shares of Brinker International by 6,063.6% during the 1st quarter. FourThought Financial LLC now owns 1,356 shares of the restaurant operator’s stock worth $52,000 after buying an additional 1,334 shares during the last quarter. Finally, CoreFirst Bank & Trust raised its stake in shares of Brinker International by 100.3% during the 3rd quarter. CoreFirst Bank & Trust now owns 1,320 shares of the restaurant operator’s stock worth $65,000 after buying an additional 661 shares during the last quarter. 99.38% of the stock is owned by institutional investors.

Brinker International Company Profile (Get Rating)

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. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name.

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