C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 3,279 Brinker International, Inc. (NYSE:EAT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,279 shares of the restaurant operator's stock, valued at approximately $434,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its stake in shares of Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 171 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Brinker International during the 4th quarter worth about $83,000. Truist Financial Corp bought a new position in shares of Brinker International in the 4th quarter valued at approximately $206,000. Finally, Longboard Asset Management LP bought a new position in shares of Brinker International in the 4th quarter valued at approximately $219,000.

Insider Activity

In other Brinker International news, 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 value of $1,409,250.00. Following the sale, the chief operating officer now directly owns 34,252 shares in the company, valued at $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction 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 sale, the director now 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 ninety days, insiders have sold 20,802 shares of company stock worth $3,752,464. Company insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EAT shares. Argus upgraded Brinker International from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a report on Tuesday, December 24th. KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price for the company. in a report on Friday, January 24th. Bank of America boosted their target price on Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Piper Sandler boosted their target price on Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, 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. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $140.18.

Brinker International Stock Performance

Shares of EAT traded down $8.79 on Friday, reaching $144.74. 2,017,667 shares of the stock traded hands, compared to its average volume of 1,611,477. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.49 and a beta of 2.54. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.21. The stock's 50-day moving average price is $150.90 and its 200-day moving average price is $112.83.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data 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 return on equity of 879.47% and a net margin of 5.45%. Equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

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.