Tabor Asset Management LP Takes Position in Brinker International, Inc. (NYSE:EAT)

Tabor Asset Management LP purchased a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,019 shares of the restaurant operator's stock, valued at approximately $2,068,000. Tabor Asset Management LP owned 0.06% of Brinker International as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EAT. Price T Rowe Associates Inc. MD lifted its position in shares of Brinker International by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,253 shares of the restaurant operator's stock worth $1,653,000 after purchasing an additional 1,588 shares during the last quarter. Comerica Bank raised its stake in Brinker International by 26.5% during the 1st quarter. Comerica Bank now owns 31,284 shares of the restaurant operator's stock worth $1,554,000 after acquiring an additional 6,553 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Brinker International during the 1st quarter worth $714,000. CWM LLC raised its stake in Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 204 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Brinker International during the 2nd quarter worth $352,000.

Insiders Place Their Bets

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the firm's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.72% of the stock is owned by corporate insiders.

Brinker International Stock Down 1.4 %

NYSE EAT traded down $1.83 during trading hours on Friday, reaching $128.94. 440,984 shares of the company traded hands, compared to its average volume of 1,428,372. Brinker International, Inc. has a 12 month low of $37.25 and a 12 month high of $133.82. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The stock has a market capitalization of $5.73 billion, a PE ratio of 31.90, a PEG ratio of 1.43 and a beta of 2.51. The company has a 50 day moving average of $105.16 and a two-hundred day moving average of $81.47.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.26. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm's revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities analysts expect that Brinker International, Inc. will post 5.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EAT shares. Evercore ISI lifted their price target on shares of Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. downgraded shares of Brinker International from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $67.00 to $100.00 in a report on Thursday, October 31st. BMO Capital Markets downgraded shares of Brinker International from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $80.00 to $105.00 in a report on Thursday, October 31st. Barclays boosted their price objective on shares of Brinker International from $76.00 to $95.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, Argus downgraded shares of Brinker International from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $89.63.

About Brinker International

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.