Brinker International Inc (EAT) Files Form 4 Insider Selling : Joseph G Taylor Sells 2,500 Shares

Brinker International Inc (EAT): Joseph G Taylor , VP, Corp. Affairs & Inv. Rel. of Brinker International Inc sold 2,500 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $46.87 per share for a total value of $117,185.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Thomas Jr. Edwards (CFO) purchased 5,500 shares at $45.50 per share price.On Feb 10, 2016, George R Jr Mrkonic (director) sold 5,584 shares at $46.98 per share price.Also, On Feb 10, 2016, Roger F Thomson (EVP, Ch. Dev. Officer) sold 11,460 shares at $46.54 per share price.On Jan 27, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 1,000 shares at $50.12 per share price.

Shares of Brinker International (EAT) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -0.96% at $46.32 with 10,64,669 shares getting traded. Post opening the session at $46.54, the shares hit an intraday low of $46.15 and an intraday high of $46.77 and the price vacillated in this range throughout the day. The company has a market cap of $2,581 M and the number of outstanding shares has been calculated to be 5,57,11,827 shares. The 52-week high of Brinker International is $60.34 and the 52-week low is $43.2.

Brinker International Money Flow Index Chart

Company has been under the radar of several Street Analysts.Brinker International is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 49 from a previous price target of $52 . The Rating was issued on Apr 20, 2016.Brinker International is Downgraded by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 47 from a previous price target of $59 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Apr 20, 2016.Brinker International is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 58 from a previous price target of $60 . The Rating was issued on Apr 19, 2016.Brinker International is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $56 .The Rating was issued on Apr 12, 2016.

Brinker International Inc. (Brinker) owns develops operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24 2014 the Company owned operated or franchised 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chili’s operates in the Bar and Grill category of casual dining. The Company has operations around the world with locations in 32 foreign countries and two United States territories. Maggiano’s is a full-service casual dining Italian restaurant brand. Its Maggiano’s restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.

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