LMG Wealth Partners LLC Makes New Investment in Brinker International, Inc. (NYSE:EAT)

LMG Wealth Partners LLC acquired a new position in Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,027 shares of the restaurant operator's stock, valued at approximately $400,000.

A number of other large investors have also recently made changes to their positions in the business. Wolff Wiese Magana LLC grew its position in shares of Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after buying an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Brinker International by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator's stock worth $920,000 after buying an additional 135 shares during the last quarter. Savant Capital LLC grew its position in shares of Brinker International by 4.7% in the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock worth $433,000 after buying an additional 147 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after buying an additional 171 shares during the last quarter. Finally, Optimist Retirement Group LLC grew its position in shares of Brinker International by 6.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock worth $249,000 after buying an additional 187 shares during the last quarter.

Brinker International Stock Down 5.7 %

Shares of EAT stock traded down $8.79 during mid-day trading on Friday, hitting $144.74. The company's stock had a trading volume of 2,017,667 shares, compared to its average volume of 1,611,477. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.21. The business has a 50-day moving average price of $150.90 and a 200 day moving average price of $112.83. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.49 and a beta of 2.54.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results 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 return on equity of 879.47% and a net margin of 5.45%. Research analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of recent analyst reports. StockNews.com upgraded Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Barclays lifted their price target on Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. UBS Group lifted their price target on Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Bank of America lifted their price target on Brinker International from $97.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Brinker International presently has an average rating of "Hold" and an average target price of $140.18.

Insider Activity at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the company's 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 owns 11,107 shares in the company, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares of the company's stock, 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. Over the last 90 days, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by 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.