Brinker International, Inc. (NYSE:EAT – Get Free Report) shares passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $205.63 and traded as low as $199.09. Brinker International shares last traded at $204.0510, with a volume of 1,695,215 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on EAT shares. Wall Street Zen upgraded Brinker International from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. UBS Group increased their target price on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets lifted their target price on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. TD Cowen lifted their target price on Brinker International from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Morgan Stanley upped their price target on shares of Brinker International from $260.00 to $262.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $249.80.
Get Our Latest Research Report on Brinker International
Brinker International Trading Down 1.2%
The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.29 and a current ratio of 0.34. The company’s fifty day simple moving average is $205.63 and its 200-day simple moving average is $176.01. The company has a market capitalization of $8.48 billion, a P/E ratio of 17.96, a PEG ratio of 1.11 and a beta of 1.37.
Brinker International (NYSE:EAT – Get Free Report) last posted its earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.32. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Brinker International had a return on equity of 125.65% and a net margin of 8.44%. Brinker International’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. Research analysts predict that Brinker International, Inc. will post 13.70 earnings per share for the current year.
Insider Transactions at Brinker International
In related news, Director Joseph DePinto sold 25,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director directly owned 77,812 shares in the company, valued at $17,927,106.68. This represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kevin Hochman sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $243.15, for a total value of $9,726,000.00. Following the sale, the chief executive officer directly owned 144,090 shares in the company, valued at approximately $35,035,483.50. The trade was a 21.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 213,694 shares of company stock worth $50,383,890. Company insiders own 1.18% of the company’s stock.
Hedge Funds Weigh In On Brinker International
Large investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Brinker International during the third quarter valued at $28,000. Kilter Group LLC acquired a new position in shares of Brinker International in the second quarter worth about $35,000. CoreCap Advisors LLC raised its position in shares of Brinker International by 33,000.0% in the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 330 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Brinker International during the 2nd quarter worth about $71,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Brinker International by 881.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 423 shares in the last quarter.
Brinker International Company Profile
Brinker International, Inc is a casual-dining restaurant company based in Dallas, Texas. It owns, operates and franchises restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands.
Chili’s serves a broad menu of American and Tex-Mex-inspired dishes, including burgers, ribs and fajitas. Maggiano’s specializes in Italian-American cuisine, with dishes such as pasta and other classic entrĂ©es.
The company traces its roots to 1975, when founder Norman Brinker opened the first Chili’s restaurant in Dallas.
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