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Douglas N. Comings, Senior Vice President and Chief Operating Officer of Chili’s, a division of Brinker International, Inc. (NYSE:EAT), recently sold 7,500 shares of the company’s common stock. The shares were sold at an average price of $187.90 each, amounting to a total transaction value of approximately $1.4 million. This transaction comes as Brinker’s stock has shown remarkable performance, with a 288% return over the past year and a market capitalization of $7.42 billion. According to InvestingPro analysis, the company maintains a GREAT overall financial health score. After this transaction, Comings holds 34,252 shares directly. Additionally, Comings has an indirect holding of 1,925.4 shares through the Brinker Common Stock Fund under the company’s 401(k) Savings Plan, as of February 6, 2025. The stock has demonstrated significant volatility, with the current trading price at $167.87, notably below the insider’s sale price. For comprehensive insider trading analysis and 16 additional key insights, visit InvestingPro, where you’ll find detailed research reports and expert analysis.
In other recent news, Brinker International has caught the attention of multiple analysts due to its impressive financial performance. Stifel raised the Brinker International stock price target to $200, citing the company’s successful turnaround efforts and strong growth in Chili’s comparable store sales, which experienced a surge of over 31%. BMO Capital Markets also increased their price target to $150, following Brinker’s announcement of its second-quarter earnings, which surpassed consensus and BMO Capital’s own estimates.
BofA Securities analyst Katherine Griffin raised the price target to $195, highlighting the company’s significant transaction growth among new and existing customer groups. JPMorgan also increased their price target to $160, acknowledging the strong performance of the Chili’s brand in recent quarters. Finally, Citi analyst Jon Tower raised the price target to $185, highlighting the company’s ongoing strong performance and expected continued sales momentum into the third fiscal quarter.
These adjustments reflect recent developments in Brinker International’s financial performance and market position. Analysts from Stifel, BMO Capital Markets, BofA Securities, JPMorgan, and Citi all expressed confidence in the company’s ability to maintain its growth trajectory amidst heightened competition. However, they also highlighted the need for the company to sustain its current pace of growth to meet high market expectations.
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