Edmp Inc. Sells 530 Shares of Brinker International, Inc. (NYSE:EAT)


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Edmp Inc. lessened its stake in shares of Brinker International, Inc. (NYSE:EAT) by 11.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,256 shares of the restaurant operator’s stock after selling 530 shares during the quarter. Edmp Inc.’s holdings in Brinker International were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EAT. Strs Ohio bought a new stake in shares of Brinker International during the third quarter worth approximately $34,000. Valeo Financial Advisors LLC bought a new stake in shares of Brinker International in the first quarter valued at approximately $36,000. Veriti Management LLC bought a new position in Brinker International during the 4th quarter worth $114,000. Level Four Advisory Services LLC acquired a new stake in shares of Brinker International during the 4th quarter worth $201,000. Finally, Montag A & Associates Inc. acquired a new position in Brinker International in the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 97.17% of the company’s stock.

Shares of NYSE EAT traded up $0.78 during trading on Thursday, hitting $67.80. The stock had a trading volume of 5,999 shares, compared to its average volume of 1,006,168. Brinker International, Inc. has a 12 month low of $14.89 and a 12 month high of $78.33. The company has a market capitalization of $3.08 billion, a PE ratio of 117.58, a PEG ratio of 1.08 and a beta of 2.65. The firm has a fifty day moving average of $71.32 and a two-hundred day moving average of $59.30.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, January 26th. The restaurant operator reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $760.70 million for the quarter, compared to analysts’ expectations of $756.79 million. Brinker International had a net margin of 0.67% and a negative return on equity of 12.26%. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. On average, research analysts predict that Brinker International, Inc. will post 2.54 earnings per share for the current year.

In related news, EVP Rick Badgley sold 544 shares of Brinker International stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $65.00, for a total value of $35,360.00. Following the sale, the executive vice president now owns 26,666 shares of the company’s stock, valued at approximately $1,733,290. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wyman Roberts sold 174,326 shares of the company’s stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $68.69, for a total value of $11,974,452.94. Following the transaction, the chief executive officer now directly owns 427,258 shares in the company, valued at approximately $29,348,352.02. The disclosure for this sale can be found here. In the last three months, insiders sold 187,870 shares of company stock worth $12,835,463. Insiders own 3.72% of the company’s stock.

A number of analysts have weighed in on the stock. Loop Capital boosted their target price on shares of Brinker International from $61.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, January 25th. MKM Partners lifted their price target on Brinker International from $75.00 to $82.00 in a research note on Thursday, April 1st. Evercore ISI raised their price objective on shares of Brinker International from $66.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, March 31st. Stifel Nicolaus lifted their target price on shares of Brinker International from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. Finally, Piper Sandler upped their price target on shares of Brinker International from $70.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $62.76.

Brinker International 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 24, 2020, it owned, operated, or franchised 1,663 restaurants comprising 1,610 restaurants under the Chili's Grill & Bar name and 53 restaurants under the Maggiano's Little Italy brand name.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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