BidaskClub downgraded shares of Brinker International, Inc. (NYSE:EAT) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

Several other research firms also recently weighed in on EAT. Raymond James Financial, Inc. restated a market perform rating on shares of Brinker International in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated an outperform rating on shares of Brinker International in a report on Friday, April 21st. CIBC reiterated an outperform rating on shares of Brinker International in a report on Friday, April 21st. BMO Capital Markets reiterated a sell rating on shares of Brinker International in a report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of Brinker International from a hold rating to a sell rating in a report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Brinker International has an average rating of Hold and an average target price of $47.62.

Shares of Brinker International (NYSE:EAT) opened at 35.47 on Friday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 11.58 and a beta of 0.27. Brinker International has a 52-week low of $34.92 and a 52-week high of $55.84. The stock has a 50 day moving average of $37.39 and a 200-day moving average of $41.69.

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In related news, EVP Steve Provost sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $44.06, for a total value of $121,165.00. Following the sale, the executive vice president now owns 29,780 shares in the company, valued at $1,312,106.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.76% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its stake in Brinker International by 18.7% in the first quarter. LS Investment Advisors LLC now owns 4,107 shares of the restaurant operator’s stock worth $181,000 after buying an additional 647 shares in the last quarter. Kernodle & Katon Asset Management Group LLC raised its stake in Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock worth $214,000 after buying an additional 17 shares in the last quarter. ING Groep NV purchased a new stake in Brinker International during the second quarter worth approximately $227,000. Eqis Capital Management Inc. raised its stake in Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock worth $281,000 after buying an additional 18 shares in the last quarter. Finally, Segantii Capital Management Ltd purchased a new stake in Brinker International during the first quarter worth approximately $286,000.

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.

Analyst Recommendations for Brinker International (NYSE:EAT)

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