Moran Wealth Management LLC Invests $269,000 in Brinker International, Inc. (NYSE:EAT)

Moran Wealth Management LLC bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,037 shares of the restaurant operator's stock, valued at approximately $269,000.

A number of other institutional investors have also bought and sold shares of the company. Entropy Technologies LP acquired a new position in shares of Brinker International in the 4th quarter valued at about $410,000. Principal Financial Group Inc. lifted its stake in Brinker International by 23.5% in the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock valued at $20,879,000 after buying an additional 51,927 shares during the period. Stephens Inc. AR acquired a new position in Brinker International in the fourth quarter valued at approximately $661,000. Ifrah Financial Services Inc. bought a new position in shares of Brinker International during the 4th quarter worth approximately $280,000. Finally, Empowered Funds LLC acquired a new stake in shares of Brinker International during the 3rd quarter worth approximately $5,330,000.

Insider Buying and Selling at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the company's 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 sale, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief operating officer now owns 34,252 shares in the company, valued at $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,802 shares of company stock valued at $3,752,464. Company insiders own 1.72% of the company's stock.

Brinker International Stock Up 1.6 %

EAT opened at $145.57 on Thursday. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.22. The firm has a market capitalization of $6.46 billion, a P/E ratio of 25.23, a PEG ratio of 0.49 and a beta of 2.56. The company's 50-day moving average is $155.44 and its 200 day moving average is $120.78. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27.

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Brinker International (NYSE:EAT - Get Free Report) last posted 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%. Research analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of research reports. 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 report on Monday, January 27th. UBS Group increased their price objective on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Barclays increased their price target on Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus boosted their price objective on Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a report on Monday, January 27th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Brinker International has a consensus 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.

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