C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $434,000 in Brinker International, Inc. (NYSE:EAT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,279 shares of the restaurant operator's stock, valued at approximately $434,000.

Other large investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in Brinker International by 100.0% in the fourth 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. NorthCrest Asset Manangement LLC boosted its holdings in Brinker International by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator's stock valued at $920,000 after acquiring an additional 135 shares during the period. Savant Capital LLC boosted its holdings in Brinker International by 4.7% during the fourth quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock valued at $433,000 after acquiring an additional 147 shares during the period. GAMMA Investing LLC boosted its holdings in 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 period. Finally, Optimist Retirement Group LLC boosted its holdings in Brinker International by 6.1% during the third quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock valued at $249,000 after acquiring an additional 187 shares during the period.

Insider Activity

In related news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the sale, the director now directly owns 11,107 shares of the company's stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. 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 stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the transaction, the chief operating officer now directly owns 34,252 shares in the company, valued at $6,435,950.80. The trade was 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 three months. 1.72% of the stock is owned by insiders.

Brinker International Price Performance

Shares of NYSE EAT traded down $1.66 during mid-day trading on Monday, hitting $158.55. 1,483,501 shares of the stock were exchanged, compared to its average volume of 1,319,417. The company has a market cap of $7.04 billion, a P/E ratio of 27.48, a PEG ratio of 0.58 and a beta of 2.54. The stock's fifty day simple moving average is $148.60 and its two-hundred day simple moving average is $110.83. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.45% and a return on equity of 879.47%. As a group, analysts forecast that Brinker International, Inc. will post 8.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Argus upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price target for the company in a report on Tuesday, December 24th. Bank of America upped their price objective on shares of Brinker International from $97.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Bank Of America (Bofa) upped their price objective on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company upped their price objective on shares of Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Fourteen investment 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.