BI Asset Management Fondsmaeglerselskab A S Acquires New Position in Brinker International, Inc. (NYSE:EAT)

BI Asset Management Fondsmaeglerselskab A S bought a new position in Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,519 shares of the restaurant operator's stock, valued at approximately $2,053,000.

Several other institutional investors also recently bought and sold shares of EAT. Alpha DNA Investment Management LLC bought a new position in shares of Brinker International in the 4th quarter worth $500,000. Canada Pension Plan Investment Board raised its holdings in Brinker International by 120.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 176,300 shares of the restaurant operator's stock worth $23,323,000 after purchasing an additional 96,200 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Brinker International during the fourth quarter valued at about $1,140,000. EAM Investors LLC bought a new stake in shares of Brinker International in the 4th quarter valued at about $5,413,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Brinker International in the 4th quarter worth approximately $227,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on EAT shares. The Goldman Sachs Group raised their target price on shares of Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Wedbush upped their target price on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Northcoast Research raised Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Thursday, January 30th. Barclays upped their price objective on shares of Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their target price on shares of Brinker International from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $144.47.

Brinker International Stock Down 2.2 %

Shares of EAT stock opened at $150.00 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a twelve month low of $45.52 and a twelve month high of $192.22. The stock has a 50 day moving average of $148.53 and a 200 day moving average of $135.77. The stock has a market cap of $6.66 billion, a P/E ratio of 26.00, a P/E/G ratio of 0.49 and a beta of 2.21.

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, beating 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%. As a group, sell-side analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Activity

In other news, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 26,752 shares in the company, valued at $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cindy L. Davis sold 5,802 shares of the company'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 value of $1,089,963.72. Following the transaction, the director now directly owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock worth $3,752,464 in the last ninety days. Company insiders own 1.72% of the company's stock.

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.

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