27,589 Shares in Brinker International, Inc. (NYSE:EAT) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,589 shares of the restaurant operator's stock, valued at approximately $3,650,000. Edgestream Partners L.P. owned 0.06% of Brinker International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Brinker International by 494.7% in the third quarter. US Bancorp DE now owns 8,682 shares of the restaurant operator's stock valued at $664,000 after purchasing an additional 7,222 shares during the period. Janney Montgomery Scott LLC acquired a new position in Brinker International in the 3rd quarter valued at $2,273,000. Principal Financial Group Inc. raised its position in Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after buying an additional 51,927 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Brinker International in the 3rd quarter worth $1,749,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Brinker International by 2.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 27,863 shares of the restaurant operator's stock worth $2,132,000 after acquiring an additional 732 shares during the period.

Analyst Ratings Changes

EAT has been the subject of a number of recent analyst reports. Argus upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a research report on Tuesday, December 24th. BMO Capital Markets lifted their price target on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Stifel Nicolaus increased their price objective on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. UBS Group upped their price target on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Brinker International currently has an average rating of "Hold" and a consensus target price of $140.18.

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Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction dated 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 transaction, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by insiders.

Brinker International Trading Up 1.6 %

Shares of NYSE EAT traded up $2.27 on Wednesday, reaching $145.57. 1,238,851 shares of the company traded hands, compared to its average volume of 1,401,852. The stock has a market capitalization of $6.46 billion, a PE ratio of 25.23, a P/E/G ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.22. 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 company has a 50 day moving average of $155.17 and a 200 day moving average of $120.60.

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

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.