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Longboard Asset Management LP Purchases New Shares in Brinker International, Inc. (NYSE:EAT)

Brinker International logo with Retail/Wholesale background

Longboard Asset Management LP bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,655 shares of the restaurant operator's stock, valued at approximately $219,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Caprock Group LLC acquired a new position in Brinker International in the 4th quarter worth about $310,000. Hunter Associates Investment Management LLC acquired a new stake in shares of Brinker International in the fourth quarter worth $281,000. R Squared Ltd acquired a new position in Brinker International during the 4th quarter worth $83,000. Nilsine Partners LLC lifted its position in shares of Brinker International by 13.1% during the 4th quarter. Nilsine Partners LLC now owns 2,966 shares of the restaurant operator's stock worth $392,000 after purchasing an additional 344 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Brinker International by 46.9% during the fourth quarter. KBC Group NV now owns 1,844 shares of the restaurant operator's stock worth $244,000 after buying an additional 589 shares during the last quarter.

Wall Street Analyst Weigh In

EAT has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Raymond James downgraded shares of Brinker International from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 17th. Stifel Nicolaus raised their target price on Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, January 27th. The Goldman Sachs Group increased their price objective on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Bank Of America (Bofa) raised their price objective on shares of Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Brinker International currently has a consensus rating of "Hold" and an average target price of $140.18.

View Our Latest Research Report on Brinker International

Insider Buying and Selling

In related news, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction that occurred 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 directly owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.72% of the stock is owned by corporate insiders.

Brinker International Stock Down 5.5 %

Brinker International stock traded down $10.11 during midday trading on Friday, reaching $172.17. The stock had a trading volume of 1,653,382 shares, compared to its average volume of 1,316,649. The stock has a market capitalization of $7.65 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54. The firm's fifty day simple moving average is $144.57 and its 200-day simple moving average is $106.15. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. Brinker International, Inc. has a 1-year low of $42.99 and a 1-year high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly 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%. As a group, analysts expect that Brinker International, Inc. will post 8.33 EPS for the current fiscal year.

About Brinker International

(Free Report)

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.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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