Amundi Raises Stake in Brinker International, Inc. (NYSE:EAT)

Amundi grew its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 553.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,197 shares of the restaurant operator's stock after purchasing an additional 43,364 shares during the period. Amundi owned about 0.12% of Brinker International worth $7,143,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EAT. Wolff Wiese Magana LLC increased its stake in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock valued at $26,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC increased its position 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 last quarter. R Squared Ltd purchased a new stake in shares of Brinker International during the fourth quarter valued at approximately $83,000. SBI Securities Co. Ltd. bought a new stake in Brinker International during the fourth quarter worth $126,000. Finally, Smartleaf Asset Management LLC boosted its position in Brinker International by 132.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,420 shares of the restaurant operator's stock worth $188,000 after purchasing an additional 809 shares during the last quarter.

Brinker International Price Performance

Shares of EAT stock traded up $8.17 during trading hours on Wednesday, reaching $141.63. The stock had a trading volume of 987,913 shares, compared to its average volume of 1,434,214. The stock's fifty day simple moving average is $155.29 and its 200 day simple moving average is $123.00. The firm has a market capitalization of $6.29 billion, a PE ratio of 24.55, a PEG ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.21. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

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Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (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 predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling

In related news, Director Cindy L. Davis sold 5,802 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the sale, the director now directly owns 11,107 shares of the company's stock, 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 SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the completion of the transaction, the chief operating officer now owns 34,252 shares of the company's stock, valued at $6,435,950.80. This trade represents a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock worth $3,752,464 over the last ninety days. 1.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EAT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Wedbush lifted their price objective on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Barclays increased their target price on shares of Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, KeyCorp downgraded Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective on the stock. in a research note on Friday, January 24th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $140.18.

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.