Brinker International, Inc. (NYSE:EAT) SVP Charles A. Lousignont sold 3,364 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $33.00, for a total transaction of $111,012.00. Following the completion of the sale, the senior vice president now owns 15,074 shares of the company’s stock, valued at $497,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brinker International, Inc. (NYSE:EAT) traded up $0.35 during midday trading on Thursday, hitting $33.79. 1,497,800 shares of the company traded hands, compared to its average volume of 1,420,229. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of -2.51. Brinker International, Inc. has a twelve month low of $29.50 and a twelve month high of $55.84. The company has a market capitalization of $1,547.94, a PE ratio of 10.58, a PEG ratio of 1.05 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The company had revenue of $739.40 million during the quarter, compared to the consensus estimate of $749.05 million. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. sell-side analysts predict that Brinker International, Inc. will post 3.22 earnings per share for the current year.

Brinker International announced that its board has authorized a stock buyback plan on Thursday, August 10th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 14.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. FMR LLC lifted its stake in shares of Brinker International by 114.0% in the first quarter. FMR LLC now owns 495,250 shares of the restaurant operator’s stock valued at $21,771,000 after buying an additional 263,790 shares during the period. Legal & General Group Plc raised its position in Brinker International by 16.3% in the first quarter. Legal & General Group Plc now owns 44,328 shares of the restaurant operator’s stock worth $1,949,000 after purchasing an additional 6,210 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Brinker International by 8.1% in the first quarter. Thrivent Financial For Lutherans now owns 9,245 shares of the restaurant operator’s stock worth $406,000 after purchasing an additional 690 shares in the last quarter. BlackRock Inc. raised its position in Brinker International by 10,393.8% in the first quarter. BlackRock Inc. now owns 3,975,272 shares of the restaurant operator’s stock worth $174,753,000 after purchasing an additional 3,937,390 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in Brinker International by 45.5% in the second quarter. Meeder Asset Management Inc. now owns 8,681 shares of the restaurant operator’s stock worth $331,000 after purchasing an additional 2,713 shares in the last quarter.

A number of equities research analysts recently issued reports on EAT shares. ValuEngine upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research cut shares of Brinker International from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Maxim Group restated a “buy” rating and set a $49.00 price target on shares of Brinker International in a report on Tuesday, September 12th. Royal Bank Of Canada restated a “sector perform” rating and set a $40.00 price target (down from $49.00) on shares of Brinker International in a report on Wednesday, August 9th. Finally, Canaccord Genuity restated a “hold” rating and set a $40.00 price target on shares of Brinker International in a report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.50.

About Brinker International

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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