Advisory Resource Group Makes New $221,000 Investment in Brinker International, Inc. (NYSE:EAT)

Advisory Resource Group bought a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,670 shares of the restaurant operator's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Brinker International by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after acquiring an additional 51,927 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Brinker International during the 3rd quarter worth about $5,330,000. Intech Investment Management LLC boosted its position in shares of 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 during the period. Qsemble Capital Management LP acquired a new stake in shares of Brinker International in the 3rd quarter valued at about $941,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Brinker International during the 3rd quarter worth approximately $2,273,000.

Brinker International Stock Down 0.1 %

Shares of Brinker International stock traded down $0.23 during trading hours on Wednesday, reaching $164.00. The company's stock had a trading volume of 1,626,864 shares, compared to its average volume of 1,375,089. Brinker International, Inc. has a one year low of $42.99 and a one year high of $192.21. The company has a market capitalization of $7.28 billion, a P/E ratio of 28.42, a P/E/G ratio of 0.58 and a beta of 2.54. The stock's fifty day simple moving average is $146.72 and its two-hundred day simple moving average is $108.56. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts forecast that Brinker International, Inc. will post 8.36 earnings per share for the current year.

Analysts Set New Price Targets

EAT has been the subject of a number of analyst reports. UBS Group increased 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. KeyCorp cut 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. Evercore ISI lifted their target price on Brinker International from $69.00 to $90.00 and gave the company an "in-line" rating in a report on Tuesday, October 15th. Bank Of America (Bofa) lifted their target price on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, Piper Sandler boosted their price objective on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Brinker International has a consensus rating of "Hold" and an average target price of $140.18.

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the company's 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 sale, the chief operating officer now directly owns 34,252 shares of the company's stock, valued at $6,435,950.80. This represents a 17.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the 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 sale, the director now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,802 shares of company stock valued at $3,752,464. Corporate insiders own 1.72% of the company's stock.

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.