1,737 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Shelton Capital Management

Shelton Capital Management bought a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,737 shares of the restaurant operator's stock, valued at approximately $230,000.

Other hedge funds also recently made changes to their positions in the company. Entropy Technologies LP bought a new stake in shares of Brinker International in the 4th quarter valued at about $410,000. Principal Financial Group Inc. raised its position in shares of Brinker International by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after acquiring an additional 51,927 shares in the last quarter. Stephens Inc. AR purchased a new position in Brinker International during the fourth quarter valued at $661,000. Ifrah Financial Services Inc. bought a new position in shares of Brinker International in the 4th quarter worth about $280,000. Finally, LMG Wealth Partners LLC purchased a new position in shares of Brinker International during the fourth quarter valued at approximately $400,000.

Brinker International Stock Performance

Shares of EAT traded down $0.21 during mid-day trading on Wednesday, hitting $150.81. 1,333,997 shares of the company's stock were exchanged, compared to its average volume of 1,456,634. The firm has a market capitalization of $6.70 billion, a P/E ratio of 26.14, a P/E/G ratio of 0.49 and a beta of 2.21. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The business's 50 day moving average is $149.75 and its two-hundred day moving average is $133.38. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.22.

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Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. On average, equities analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EAT has been the topic of several analyst reports. Citigroup lowered their price objective on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Barclays boosted their price target on Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. StockNews.com upgraded Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Wedbush increased their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target for the company. in a research note on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Brinker International presently has an average rating of "Hold" and a consensus target price of $139.39.

Insiders Place Their Bets

In other news, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the sale, the director now directly owns 11,107 shares in the company, valued at $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the sale, the chief operating officer now directly owns 26,752 shares in the company, valued at $4,470,259.20. This represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by company insiders.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.