Counterpoint Mutual Funds LLC Buys New Shares in Brinker International, Inc. (NYSE:EAT)

Counterpoint Mutual Funds LLC acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,141 shares of the restaurant operator's stock, valued at approximately $1,871,000. Brinker International accounts for 0.2% of Counterpoint Mutual Funds LLC's portfolio, making the stock its 12th biggest position.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC raised 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 acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its stake in Brinker International by 123.9% in the fourth 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 bought a new stake in shares of Brinker International during the fourth quarter worth $83,000. SBI Securities Co. Ltd. bought a new position in shares of Brinker International in the fourth quarter valued at about $126,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Brinker International in the fourth quarter valued at about $146,000.

Brinker International Stock Down 0.3 %

EAT stock traded down $0.49 during mid-day trading on Friday, hitting $144.93. 1,265,456 shares of the company were exchanged, compared to its average volume of 1,404,534. The firm has a market cap of $6.44 billion, a P/E ratio of 25.12, a P/E/G ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The firm's 50 day simple moving average is $155.44 and its 200 day simple moving average is $123.28.

Remove Ads

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

Insider Activity

In other news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value 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. This trade represents a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the 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 transaction, the director now owns 11,107 shares of the company's stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock worth $3,752,464 over the last three months. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Morgan Stanley upgraded Brinker International from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $70.00 to $115.00 in a report on Friday, December 20th. The Goldman Sachs Group boosted their price objective on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price on the stock. in a research note on Friday, January 24th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.