Brinker International, Inc. (EAT) SVP Charles A. Lousignont Sells 3,364 Shares

Brinker International, Inc. (NYSE:EAT) SVP Charles A. Lousignont sold 3,364 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $33.00, for a total value of $111,012.00. Following the sale, the senior vice president now directly owns 15,074 shares in the company, valued at approximately $497,442. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Brinker International, Inc. (NYSE EAT) opened at $33.07 on Tuesday. The company has a debt-to-equity ratio of -2.51, a current ratio of 0.34 and a quick ratio of 0.28. Brinker International, Inc. has a 12-month low of $29.50 and a 12-month high of $55.84. The stock has a market capitalization of $1,561.83, a price-to-earnings ratio of 10.68, a PEG ratio of 1.06 and a beta of 0.16.

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

Brinker International announced that its Board of Directors has approved a stock buyback program on Thursday, August 10th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the restaurant operator to repurchase up to 14.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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Several research firms have commented on EAT. Barclays PLC cut their price target on Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 19th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Brinker International in a research report on Monday, July 24th. Maxim Group reissued a “buy” rating and issued a $49.00 target price (down previously from $54.00) on shares of Brinker International in a report on Wednesday, August 9th. Zacks Investment Research raised Brinker International from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Finally, Stifel Nicolaus began coverage on Brinker International in a report on Monday, October 2nd. They issued a “hold” rating and a $36.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.50.

Large investors have recently made changes to their positions in the business. Bruderman Asset Management LLC acquired a new stake in Brinker International during the second quarter worth about $123,000. LS Investment Advisors LLC increased its stake in Brinker International by 14.2% during the second quarter. LS Investment Advisors LLC now owns 4,689 shares of the restaurant operator’s stock worth $179,000 after acquiring an additional 582 shares during the last quarter. ING Groep NV purchased a new stake in shares of Brinker International in the second quarter worth about $227,000. Profund Advisors LLC boosted its position in shares of Brinker International by 0.8% in the second quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock worth $261,000 after buying an additional 57 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Brinker International in the second quarter worth about $262,000.

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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