Cibc World Markets Corp Purchases New Position in Brinker International, Inc. (NYSE:EAT)

Cibc World Markets Corp acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,124 shares of the restaurant operator's stock, valued at approximately $546,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EAT. Geode Capital Management LLC increased its holdings in shares of Brinker International by 0.8% in the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock worth $76,413,000 after buying an additional 8,105 shares during the period. Fisher Asset Management LLC increased its stake in Brinker International by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock worth $52,900,000 after purchasing an additional 28,373 shares during the period. Hennessy Advisors Inc. bought a new stake in Brinker International in the fourth quarter valued at approximately $81,888,000. Wellington Management Group LLP boosted its stake in shares of Brinker International by 55.1% during the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock valued at $47,351,000 after purchasing an additional 219,836 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of 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 worth $77,865,000 after purchasing an additional 566,894 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EAT shares. 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 research note on Thursday, January 30th. Morgan Stanley raised Brinker International from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. The Goldman Sachs Group increased their price objective on shares of Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Stifel Nicolaus lifted 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. Finally, Northcoast Research raised Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a report on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of "Hold" and a consensus price target of $140.18.

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Insider Buying and Selling

In other news, Director Cindy L. Davis sold 5,802 shares of Brinker International 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction 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 transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This represents a 21.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,802 shares of company stock valued at $3,752,464. Company insiders own 1.72% of the company's stock.

Brinker International Stock Performance

NYSE:EAT traded down $3.75 during mid-day trading on Wednesday, hitting $154.20. 1,029,370 shares of the company traded hands, compared to its average volume of 1,396,540. 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 stock's fifty day moving average price is $156.18 and its 200-day moving average price is $125.74. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a one year low of $43.37 and a one year high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share 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%. Research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share 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.