Sierra Summit Advisors LLC Makes New $555,000 Investment in Brinker International, Inc. (NYSE:EAT)

Sierra Summit Advisors LLC purchased a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,199 shares of the restaurant operator's stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its position in shares of Brinker International by 100.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its position in Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 171 shares during the period. R Squared Ltd purchased a new position in Brinker International during the 4th quarter valued at about $83,000. SBI Securities Co. Ltd. acquired a new position in shares of Brinker International in the 4th quarter valued at about $126,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Brinker International in the fourth quarter worth approximately $146,000.

Analyst Ratings Changes

A number of brokerages have issued reports on EAT. BMO Capital Markets lifted their target price on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective on the stock. in a research report on Friday, January 24th. StockNews.com upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on shares of Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a report on Monday, January 27th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Brinker International presently has an average rating of "Hold" and an average price target of $139.39.

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Insider Transactions at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the transaction, the director now owns 11,107 shares in the company, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 26,752 shares in the company, valued at approximately $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. In the last three months, insiders sold 20,802 shares of company stock valued at $3,752,464. Company insiders own 1.72% of the company's stock.

Brinker International Stock Performance

NYSE EAT traded up $1.22 during midday trading on Friday, hitting $143.99. The company had a trading volume of 1,277,148 shares, compared to its average volume of 1,457,793. 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 quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 0.49 and a beta of 2.21. The firm has a fifty day simple moving average of $151.17 and a two-hundred day simple moving average of $132.36.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, beating 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%. Equities 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.