Harvest Fund Management Co. Ltd Invests $978,000 in Brinker International, Inc. (NYSE:EAT)

Harvest Fund Management Co. Ltd bought a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,393 shares of the restaurant operator's stock, valued at approximately $978,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Brinker International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock worth $76,413,000 after acquiring an additional 8,105 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Brinker International by 4.3% in the third 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 position in shares of Brinker International during the fourth quarter valued at $81,888,000. Wellington Management Group LLP boosted its position 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 buying an additional 219,836 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Brinker International by 2,612.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after buying an additional 566,894 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays upped their target price 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. UBS Group increased their price objective on shares of Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their target price on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Argus raised Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price target on the stock in a report on Tuesday, December 24th. Finally, Wedbush upped their price objective on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $140.18.

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Insider Buying and Selling at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the 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 completion of the sale, the director now directly owns 11,107 shares of the company's stock, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the sale, the chief operating officer now owns 34,252 shares in the company, valued at approximately $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 a total of 20,802 shares of company stock valued at $3,752,464 over the last ninety days. 1.72% of the stock is currently owned by company insiders.

Brinker International Stock Performance

Brinker International stock traded up $3.78 during midday trading on Tuesday, hitting $157.93. The stock had a trading volume of 1,339,959 shares, compared to its average volume of 1,401,151. 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 52-week low of $43.37 and a 52-week high of $192.22. The company has a market capitalization of $7.01 billion, a PE ratio of 27.37, a P/E/G ratio of 0.49 and a beta of 2.56. The firm's fifty day moving average is $155.88 and its two-hundred day moving average is $125.11.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (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, research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current 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.