New Age Alpha Advisors LLC Acquires Shares of 54,691 Brinker International, Inc. (NYSE:EAT)

New Age Alpha Advisors 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. The fund bought 54,691 shares of the restaurant operator's stock, valued at approximately $7,235,000. New Age Alpha Advisors LLC owned approximately 0.12% of Brinker International as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Brinker International by 0.8% in the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after purchasing an additional 8,105 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Brinker International in the 4th quarter valued at about $81,888,000. Wellington Management Group LLP increased its position in shares of Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock valued at $47,351,000 after acquiring an additional 219,836 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in 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 valued at $77,865,000 after purchasing an additional 566,894 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in Brinker International by 1,145.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator's stock valued at $55,038,000 after purchasing an additional 382,633 shares in the last quarter.

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Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value 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. The trade was a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock valued at $3,752,464 in the last quarter. Insiders own 1.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on EAT shares. Northcoast Research raised Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Thursday, January 30th. KeyCorp cut shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target for the company. in a research note on Friday, January 24th. The Goldman Sachs Group lifted their price objective on shares of Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Finally, Argus upgraded Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price target for the company in a report on Tuesday, December 24th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus target price of $140.18.

Brinker International Price Performance

NYSE:EAT traded down $0.36 during mid-day trading on Tuesday, reaching $148.69. The stock had a trading volume of 522,151 shares, compared to its average volume of 1,439,507. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.22. The stock has a market capitalization of $6.60 billion, a PE ratio of 25.82, a P/E/G ratio of 0.49 and a beta of 2.56. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The stock has a 50-day simple moving average of $156.78 and a two-hundred day simple moving average of $128.03.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.