45,935 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. purchased a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 45,935 shares of the restaurant operator's stock, valued at approximately $6,077,000. Beacon Harbor Wealth Advisors Inc. owned about 0.10% of Brinker International at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Brinker International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after buying an additional 8,105 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Brinker International by 4.3% in the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock valued at $52,900,000 after acquiring an additional 28,373 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Brinker International in the 4th quarter valued at about $81,888,000. Wellington Management Group LLP increased its position in Brinker International by 55.1% during the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock worth $47,351,000 after buying an additional 219,836 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock valued at $77,865,000 after buying an additional 566,894 shares during the period.

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Insider Activity at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the 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 completion of the transaction, the director now owns 11,107 shares of the company's stock, valued at $2,086,561.02. This represents a 34.31 % decrease in their position. 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 firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares in the company, valued at $6,435,950.80. This represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock valued at $3,752,464 over the last ninety days. 1.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a report on Monday, January 27th. Wedbush increased their price target on shares of Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $140.18.

Brinker International Price Performance

Brinker International stock traded down $1.49 during trading hours on Monday, reaching $139.89. 1,777,934 shares of the stock were exchanged, compared to its average volume of 1,399,234. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The company has a market cap of $6.21 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. The stock has a 50 day moving average of $154.79 and a two-hundred day moving average of $119.59. 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 released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping 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%. Equities analysts expect that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Brinker International Company 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.