Brinker International, Inc. (NYSE:EAT) VP Michaela M. Ware sold 2,078 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $48.61, for a total transaction of $101,011.58. Following the sale, the vice president now directly owns 11,633 shares of the company’s stock, valued at approximately $565,480.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYSE:EAT opened at $49.25 on Friday. Brinker International, Inc. has a 12 month low of $32.03 and a 12 month high of $54.14. The stock has a market capitalization of $1.87 billion, a PE ratio of 14.07, a P/E/G ratio of 1.45 and a beta of 0.01.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, October 30th. The restaurant operator reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Brinker International had a net margin of 4.52% and a negative return on equity of 23.89%. The firm had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $756.40 million. During the same period last year, the company posted $0.42 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Brinker International, Inc. will post 3.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, December 7th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.09%. Brinker International’s dividend payout ratio is 43.43%.

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Brinker International from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, October 31st. Maxim Group reissued a “buy” rating and set a $55.00 price target on shares of Brinker International in a research report on Tuesday, October 30th. Loop Capital assumed coverage on shares of Brinker International in a research report on Wednesday, October 24th. They set a “hold” rating and a $50.00 price target for the company. Gordon Haskett assumed coverage on shares of Brinker International in a research report on Thursday, October 18th. They set a “hold” rating and a $44.00 price target for the company. Finally, BMO Capital Markets cut shares of Brinker International from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $43.00 to $40.00 in a research report on Monday, September 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.19.

Large investors have recently bought and sold shares of the company. LifePlan Financial Group Inc purchased a new stake in shares of Brinker International in the 2nd quarter worth about $112,000. Stratos Wealth Partners LTD. bought a new position in shares of Brinker International in the 3rd quarter worth about $138,000. Sei Investments Co. increased its stake in shares of Brinker International by 913.2% in the 2nd quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock worth $171,000 after acquiring an additional 3,242 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Brinker International in the 2nd quarter worth about $199,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Brinker International in the 2nd quarter worth about $211,000.

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Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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

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