Aaron M. White, Executive Vice President and Chief People Officer at Brinker International Inc . (NYSE:), recently sold shares of the company’s common stock valued at approximately $199,302. The shares were sold at a weighted average price of $130.69, according to a recent SEC filing. The transaction comes as the $5.75 billion restaurant operator trades near its 52-week high of $133.82, having delivered an impressive 201% return year-to-date. InvestingPro analysis indicates the stock is currently in overbought territory.
The transaction took place on December 2, 2024, and follows a series of stock option exercises where White acquired shares at prices ranging between $43.35 and $44.73. Following these transactions, White’s direct ownership in Brinker International stands at 38,873 shares. Want deeper insights into EAT’s technical indicators and valuation metrics? InvestingPro subscribers have access to over 15 additional exclusive ProTips and comprehensive technical analysis tools.
In other recent news, Brinker International has made significant moves in incentivizing its top executives through stock-based compensation awards. The company’s CEO, Kevin Hochman, received performance shares with a target value of $20 million, while other top executives were also granted substantial awards. These shares are tied to the company’s Total (EPA:) Shareholder Return (TSR) and are part of the company’s strategy to boost performance and shareholder value growth.
Brinker International also reported strong Q1 results that led to several analyst firms adjusting their outlooks on the company. Piper Sandler, Stifel, KeyBanc Capital Markets, and Evercore ISI all raised their stock targets for Brinker, citing strong performance from its Chili’s brand and overall sales momentum. The company reported a 14.1% increase in same-store sales for Chili’s and a 4.2% rise for Maggiano’s, surpassing consensus estimates for earnings per share, EBITDA, and same-store sales growth.
BMO Capital Markets and JPMorgan both adjusted their ratings on Brinker International, shifting from outperform and overweight ratings to market perform and neutral ratings respectively, while also increasing their price targets. These recent developments reflect Brinker’s confidence in its growth trajectory and its commitment to operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Click Here to Read the Full Original Article at All News…
