International Assets Investment Management LLC Makes New $18.33 Million Investment in Brinker International, Inc. (NYSE:EAT)

International Assets Investment Management LLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,954 shares of the restaurant operator's stock, valued at approximately $18,330,000. International Assets Investment Management LLC owned approximately 0.05% of Brinker International as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EAT. Nisa Investment Advisors LLC raised its stake in Brinker International by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator's stock worth $967,000 after buying an additional 169 shares in the last quarter. CWM LLC raised its stake in Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator's stock worth $30,000 after buying an additional 204 shares in the last quarter. Arizona State Retirement System raised its stake in Brinker International by 1.9% in the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator's stock worth $896,000 after buying an additional 234 shares in the last quarter. Signaturefd LLC raised its stake in Brinker International by 33.2% in the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator's stock worth $71,000 after buying an additional 246 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new position in Brinker International in the first quarter worth approximately $25,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on EAT shares. Wedbush reissued a "neutral" rating and issued a $68.00 price objective on shares of Brinker International in a research note on Thursday, August 15th. BMO Capital Markets reduced their price target on Brinker International from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Thursday, August 15th. Bank Of America (Bofa) upped their price target on Brinker International from $94.00 to $97.00 in a research report on Tuesday. Bank of America upped their price target on Brinker International from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Finally, Evercore ISI upped their price target on Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $75.86.

Brinker International Stock Performance

Shares of NYSE EAT traded up $7.24 during mid-day trading on Wednesday, hitting $104.25. The stock had a trading volume of 3,076,530 shares, compared to its average volume of 1,451,584. The company has a 50 day moving average of $79.86 and a two-hundred day moving average of $69.33. The firm has a market cap of $4.64 billion, a PE ratio of 30.93, a PEG ratio of 1.35 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International, Inc. has a twelve month low of $32.90 and a twelve month high of $106.21.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. Brinker International's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. Research analysts predict that Brinker International, Inc. will post 4.66 EPS for the current fiscal 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.