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.
COPYRIGHT VIOLATION WARNING: “Brinker International, Inc. (EAT) SVP Charles A. Lousignont Sells 3,364 Shares” was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.truebluetribune.com/2017/11/14/brinker-international-inc-eat-svp-charles-a-lousignont-sells-3364-shares.html.
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.
Receive News & Ratings for Brinker International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.