Today, the EVP & President of Chili’s of Brinker International (NYSE: EAT), Kelli Valade, bought shares of EAT for $282.9K.
Following this transaction Kelli Valade’s holding in the company was increased by 16.28% to a total of $3.49 million. This is Valade’s first Buy trade following 8 Sell transactions.
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Based on Brinker International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $817 million and quarterly net profit of $43.72 million. In comparison, last year the company earned revenue of $811 million and had a net profit of $50.58 million. EAT’s market cap is $1.94B and the company has a P/E ratio of 17.15. Currently, Brinker International has an average volume of 1.03M.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $47.67, reflecting a 3.6% upside.
In the last 30 days, insiders have sold $212.7K worth of EAT shares and purchased $282.9K worth of EAT shares.
Kelli Valade’s trades have generated a -12.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
