New insider activity at Brinker International ( (EAT) ) has taken place on February 19, 2025.
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Douglas N. Comings, the Senior Vice President and Chief Operating Officer of Chili’s, has recently made a significant financial move by selling 12,931 shares of Brinker International stock. This transaction amounted to a total value of $2,063,399.
Recent Updates on EAT stock
In the past 24 hours, Brinker International’s stock has seen significant analyst activity following its Q2 earnings call, which showcased strong financial performance and strategic advancements. The company reported a substantial 31% increase in same-store sales for Chili’s and a 27.4% rise in consolidated comparable sales, driven by successful marketing campaigns and operational improvements. These results prompted analysts from multiple firms, including BMO Capital, Morgan Stanley, and Wells Fargo, to raise their price targets for Brinker. The reasons cited for these adjustments were Brinker’s earnings exceeding estimates, continued sales momentum, and strategic investments in kitchen technology and marketing. Analysts acknowledged that while the company’s guidance appears conservative, the current trends suggest robust future performance. However, some analysts also noted that the sustainability of these gains remains a key consideration going forward.
More about Brinker International
YTD Price Performance: 15.06%
Average Trading Volume: 1,208,457
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.03B