Michaela M. Ware, Executive Vice President and Chief Financial Officer of Brinker International, Inc. (NYSE:EAT), recently sold 3,753 shares of the company's common stock. The shares were sold at an average price of $103.02, totaling approximately $386,634. Following this transaction, Ware holds 23,071.37 shares directly. Additionally, she has indirect ownership of 3,259.91 shares through a 401(k) plan. The sale took place on October 31, 2024, as reported in the latest SEC filing.
In other recent news, Brinker International, the operator of Chili's and Maggiano's restaurant chains, experienced a robust first quarter of fiscal year 2025. The company surpassed consensus estimates for adjusted earnings per share (EPS), EBITDA, and same-store sales (SSS) growth, leading KeyBanc Capital Markets to raise its price target for Brinker to $115. The company's SSS growth continued into double digits, outpacing industry peers. This strong performance led to a revision of the full-year revenue and EPS forecast.
Brinker also reported a 14.1% increase in comparable store sales for Chili's and a 4.2% rise for Maggiano's. These recent developments reflect Brinker's confidence in its growth trajectory and its commitment to operational efficiency. In response to these results, Evercore ISI increased its EPS estimates for fiscal year 2025 to $5.66, a 38% year-over-year increase.
Meanwhile, BMO Capital Markets shifted its rating for Brinker from Outperform to Market Perform, while raising its price target for the company's shares from $80.00 to $105.00. Similarly, JPMorgan moved from an Overweight to a Neutral rating, and increased the price target to $100 from the previous $67. These changes were made following Brinker's strong performance in the first quarter of fiscal year 2025.
InvestingPro Insights
Following the recent stock sale by Brinker International's CFO, it's worth examining some key financial metrics and market trends for the company. According to InvestingPro data, Brinker International's market capitalization stands at $4.66 billion, reflecting its significant presence in the restaurant industry.
The company's stock has shown remarkable performance, with a staggering 197.88% price total return over the past year. This impressive gain is further emphasized by the stock trading at 97.92% of its 52-week high, indicating strong investor confidence. The momentum is not just a short-term phenomenon; Brinker has delivered a robust 86.92% return over the last six months.
InvestingPro Tips highlight that 15 analysts have revised their earnings upwards for the upcoming period, suggesting positive expectations for the company's financial performance. This optimism is supported by Brinker's revenue growth of 8.39% over the last twelve months, with quarterly revenue growth accelerating to 12.49%.
However, investors should note that the stock's RSI suggests it may be in overbought territory, which could indicate a potential for a short-term pullback. Additionally, Brinker's P/E ratio of 24.95 and its high Price / Book multiple of 367.04 may raise questions about valuation.
For those interested in a deeper analysis, InvestingPro offers 17 additional tips for Brinker International, providing a more comprehensive view of the company's financial health and market position.
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