Entropy Technologies LP Purchases New Position in Brinker International, Inc. (NYSE:EAT)

Entropy Technologies LP purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,099 shares of the restaurant operator's stock, valued at approximately $410,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 171 shares during the period. R Squared Ltd acquired a new stake in Brinker International in the fourth quarter worth about $83,000. Burford Brothers Inc. acquired a new stake in Brinker International in the third quarter worth about $203,000. Finally, Parametrica Management Ltd acquired a new stake in Brinker International in the third quarter worth about $209,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank Of America (Bofa) upped their price objective on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. Barclays upped their price objective on shares of Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. UBS Group upped their price objective on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Piper Sandler upped their price objective on shares of Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, Wedbush upped their price objective 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. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $140.18.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the transaction, the director now owns 11,107 shares of the company's stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the transaction, the chief operating officer now directly owns 34,252 shares in the company, valued at approximately $6,435,950.80. This trade represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock valued at $3,752,464 in the last 90 days. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Trading Down 1.0 %

NYSE EAT traded down $1.66 on Friday, hitting $158.55. 1,483,501 shares of the company were exchanged, compared to its average volume of 1,319,417. The company's 50 day moving average price is $147.88 and its 200-day moving average price is $110.16. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The firm has a market capitalization of $7.04 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Analysts predict that Brinker International, Inc. will post 8.36 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.