Dynamic Technology Lab Private Ltd Has $3.54 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Dynamic Technology Lab Private Ltd reduced its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,764 shares of the restaurant operator's stock after selling 73,299 shares during the period. Brinker International accounts for about 0.6% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 5th biggest holding. Dynamic Technology Lab Private Ltd owned about 0.06% of Brinker International worth $3,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake 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 valued at $26,000 after purchasing 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 acquired a new position in shares of Brinker International during the fourth quarter valued at $83,000. SBI Securities Co. Ltd. acquired a new stake in Brinker International in the fourth quarter worth about $126,000. Finally, Daiwa Securities Group Inc. bought a new position in Brinker International in the 4th quarter valued at about $146,000.

Brinker International Stock Up 0.8 %

Shares of EAT traded up $1.13 during trading hours on Monday, reaching $136.20. The company's stock had a trading volume of 2,031,101 shares, compared to its average volume of 1,446,589. 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 firm has a market cap of $6.05 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 0.49 and a beta of 2.20. The company has a 50 day moving average of $155.86 and a two-hundred day moving average of $130.47. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.22.

Remove Ads

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

Insider Buying and Selling at Brinker International

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 transaction of $1,089,963.72. Following the transaction, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,253,250.00. Following the completion of the sale, the chief operating officer now directly owns 26,752 shares of the company's stock, valued at $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. Insiders have sold 20,802 shares of company stock worth $3,752,464 over the last 90 days. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EAT. Stifel Nicolaus increased their price objective 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. Citigroup lifted their price target on Brinker International from $166.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective for the company. in a report on Friday, January 24th. Wedbush lifted their target price on Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Barclays upped their price target 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. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $140.18.

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.