Brinker International (EAT) Receives a Hold from KeyBanc

In a report released today, Eric Gonzalez from KeyBanc maintained a Hold rating on Brinker International (EAT – Research Report). The company’s shares closed yesterday at $54.95.

Gonzalez covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Papa John’s International, and Darden Restaurants. According to TipRanks, Gonzalez has an average return of 8.4% and a 53.85% success rate on recommended stocks.

In addition to KeyBanc, Brinker International also received a Hold from Barclays’s Jeff Bernstein in a report issued yesterday. However, on the same day, BMO Capital maintained a Buy rating on Brinker International (NYSE: EAT).

Based on Brinker International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.12 billion and a net profit of $48.7 million. In comparison, last year the company earned a revenue of $1.08 billion and had a net profit of $50.7 million

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EAT in relation to earlier this year. Most recently, in February 2024, Joseph G. Taylor, the EVP & CFO of EAT sold 24,163.00 shares for a total of $1,086,513.86.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Brinker International (EAT) Company Description:

Brinker International, Inc. engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano’s segment comprises the results of company-owned Maggiano’s restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.