Kazazian Asset Management LLC Acquires Shares of 36,301 Brinker International, Inc. (NYSE:EAT)

Kazazian Asset Management LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,301 shares of the restaurant operator's stock, valued at approximately $4,802,000. Brinker International accounts for approximately 3.7% of Kazazian Asset Management LLC's investment portfolio, making the stock its 6th biggest position. Kazazian Asset Management LLC owned 0.08% of Brinker International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EAT. Jennison Associates LLC purchased a new position in shares of Brinker International during the 3rd quarter valued at approximately $705,000. Intech Investment Management LLC lifted its holdings in Brinker International by 399.9% in the 3rd quarter. Intech Investment Management LLC now owns 24,102 shares of the restaurant operator's stock valued at $1,845,000 after purchasing an additional 19,281 shares in the last quarter. Citigroup Inc. lifted its holdings in Brinker International by 74.4% in the 3rd quarter. Citigroup Inc. now owns 56,324 shares of the restaurant operator's stock valued at $4,310,000 after purchasing an additional 24,028 shares in the last quarter. Cerity Partners LLC lifted its holdings in Brinker International by 21.0% in the 3rd quarter. Cerity Partners LLC now owns 7,600 shares of the restaurant operator's stock valued at $582,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Brinker International by 252.4% in the 3rd quarter. Algert Global LLC now owns 15,693 shares of the restaurant operator's stock valued at $1,201,000 after purchasing an additional 11,240 shares in the last quarter.

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Wall Street Analyst Weigh In

EAT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective on the stock. in a report on Friday, January 24th. UBS Group raised their target price on Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Argus raised Brinker International from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a research note on Tuesday, December 24th. Finally, The Goldman Sachs Group raised their target price on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $140.18.

Insider Activity

In related news, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director now owns 11,107 shares in the company, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $187.90, for a total value of $1,409,250.00. Following the sale, the chief operating officer now owns 34,252 shares of the company's stock, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is currently owned by company insiders.

Brinker International Trading Down 0.3 %

NYSE EAT traded down $0.49 during trading on Friday, hitting $144.93. The stock had a trading volume of 1,265,456 shares, compared to its average volume of 1,401,940. The company has a market capitalization of $6.44 billion, a PE ratio of 25.12, a PEG ratio of 0.49 and a beta of 2.56. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The firm has a 50 day moving average price of $155.57 and a 200 day moving average price of $124.16. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.