Cobblestone Capital Advisors LLC NY Takes Position in Brinker International, Inc. (NYSE:EAT)

Cobblestone Capital Advisors LLC NY bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,700 shares of the restaurant operator's stock, valued at approximately $225,000.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Brinker International by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after purchasing an additional 8,105 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of 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 last quarter. Hennessy Advisors Inc. bought a new stake in Brinker International during the 4th quarter valued at $81,888,000. Wellington Management Group LLP increased its position in shares of Brinker International by 55.1% during the 3rd 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. increased its position in shares of Brinker International by 2,612.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock valued at $77,865,000 after purchasing an additional 566,894 shares during the period.

Brinker International Trading Down 1.5 %

EAT stock traded down $2.23 during midday trading on Wednesday, hitting $150.30. The stock had a trading volume of 1,241,527 shares, compared to its average volume of 1,392,238. The firm has a market cap of $6.67 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. 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 1-year low of $43.37 and a 1-year high of $192.22. The business has a fifty day moving average price of $154.30 and a two-hundred day moving average price of $117.99.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EAT shares. The Goldman Sachs Group lifted their price target on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price target on Brinker International from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Wedbush lifted their price objective on Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Citigroup lifted their price objective on Brinker International from $166.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus boosted their price target on Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $140.18.

Insider Activity at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of Brinker International 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by corporate insiders.

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.