3,836 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Navellier & Associates Inc.

Navellier & Associates Inc. acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,836 shares of the restaurant operator's stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EAT. Geode Capital Management LLC grew its position in shares of Brinker International by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock worth $76,413,000 after buying an additional 8,105 shares during the period. Fisher Asset Management LLC grew its holdings in Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock valued at $52,900,000 after purchasing an additional 28,373 shares during the period. Hennessy Advisors Inc. bought a new stake in Brinker International in the fourth quarter valued at approximately $81,888,000. Wellington Management Group LLP raised its holdings in Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock worth $47,351,000 after purchasing an additional 219,836 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Brinker International by 2,612.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after purchasing an additional 566,894 shares in the last quarter.

Brinker International Stock Performance

Shares of EAT traded down $4.31 during midday trading on Thursday, reaching $155.78. The stock had a trading volume of 1,122,377 shares, compared to its average volume of 1,442,231. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The firm has a 50 day simple moving average of $152.41 and a 200-day simple moving average of $115.10. The firm has a market cap of $6.92 billion, a PE ratio of 27.00, a P/E/G ratio of 0.49 and a beta of 2.54. Brinker International, Inc. has a one year low of $43.37 and a one year high of $192.21.

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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, beating analysts' consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. As a group, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

EAT has been the subject of a number of recent analyst reports. Northcoast Research upgraded shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Thursday, January 30th. StockNews.com upgraded Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. BMO Capital Markets lifted their price objective on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Piper Sandler increased their target price on Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, UBS Group upped their price target on shares of Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $140.18.

Insiders Place Their Bets

In other 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 directly owns 11,107 shares in the company, 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 can be accessed through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction on Monday, February 10th. The stock was 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 approximately $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock worth $3,752,464 in the last quarter. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Company 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.