In a recent transaction, Daniel S. Fuller, the Senior Vice President and Chief Legal Officer of Brinker International, Inc. (NYSE:EAT), sold shares of the company's stock. On May 30, 2024, Fuller disposed of 3,611 shares at a price of $69.04, amounting to a total value of $249,303.
The sale was accompanied by the acquisition of shares through the exercise of options. Fuller acquired 3,661 shares at $43.35 and another 898 shares at $44.73, totaling $198,871, with the prices per share reflecting the range involved in these transactions.
Following these transactions, Fuller's direct ownership in Brinker International, which operates under the retail-eating places industry, has been adjusted to 34,764 shares. Additionally, it was noted that 52.301 units are held indirectly by Fuller in the Brinker Common Stock Fund under the company's 401(k) Savings Plan.
Investors and market watchers often pay close attention to insider transactions as they provide insights into executives' perspectives on the company's stock value. The transactions were publicly filed with the Securities and Exchange Commission and are part of the formal record of Fuller's trading activities.
InvestingPro Insights
Brinker International, Inc. (NYSE:EAT) has been the subject of keen investor interest following the insider trading activity of its Senior Vice President and Chief Legal Officer, Daniel S. Fuller. As market participants decipher the implications of these transactions, certain metrics and analyst insights from InvestingPro offer additional context to the company's financial health and stock performance.
With a market capitalization of $3.14 billion, Brinker International is trading at a price-to-earnings (P/E) ratio of 20.52, which appears modest when taking into account the near-term earnings growth. This aligns with one of the InvestingPro Tips, which indicates that the stock is trading at a low P/E ratio relative to its anticipated earnings growth. Moreover, the company has experienced a 4.98% revenue growth over the last twelve months as of Q3 2024, reflecting a steady upward trajectory in its financial performance.
On the trading front, Brinker's stock has witnessed significant price appreciation, with a 90.9% one-year total return and currently trading near its 52-week high. This robust performance is further underscored by a 50.69% three-month price total return, highlighting the stock's strong momentum in recent months. However, it's important to note that the stock's Relative Strength Index (RSI) suggests it is in overbought territory, which is a crucial consideration for potential investors.
For those looking to delve deeper into Brinker International's prospects, InvestingPro provides additional analysis and tips. There are currently 18 analysts who have revised their earnings upwards for the upcoming period, signaling positive sentiment around the company's financial outlook. Additionally, Brinker has been profitable over the last twelve months, and analysts predict it will remain profitable this year. It's worth noting that the company does not pay a dividend to shareholders, which may influence investment decisions depending on individual strategies and preferences.
For an in-depth analysis and more InvestingPro Tips on Brinker International, visit https://www.investing.com/pro/EAT. Readers can benefit from a comprehensive suite of tools and insights available on InvestingPro. To access these features, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.