O Shaughnessy Asset Management LLC Increases Position in Brinker International, Inc. (NYSE:EAT)

O Shaughnessy Asset Management LLC increased its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 44.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,495 shares of the restaurant operator's stock after purchasing an additional 8,796 shares during the period. O Shaughnessy Asset Management LLC owned 0.06% of Brinker International worth $3,770,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EAT. Entropy Technologies LP acquired a new stake in shares of Brinker International during the 4th quarter worth approximately $410,000. Principal Financial Group Inc. increased its stake in Brinker International by 23.5% during the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after acquiring an additional 51,927 shares during the last quarter. Stephens Inc. AR acquired a new stake in Brinker International during the fourth quarter worth $661,000. Ifrah Financial Services Inc. purchased a new stake in Brinker International in the fourth quarter valued at $280,000. Finally, LMG Wealth Partners LLC acquired a new position in shares of Brinker International in the 4th quarter valued at $400,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. KeyCorp cut shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective for the company. in a research report on Friday, January 24th. Argus raised Brinker International from a "hold" rating to a "buy" rating and set a $150.00 target price on the stock in a research report on Tuesday, December 24th. Finally, Citigroup raised their price target on Brinker International from $166.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $140.18.

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Insiders Place Their Bets

In related news, Director Cindy L. Davis sold 5,802 shares of the company's 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 completion of the sale, the director now directly owns 11,107 shares of the company's stock, valued at $2,086,561.02. This represents a 34.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares of the company's stock, valued at approximately $6,435,950.80. This represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is owned by corporate insiders.

Brinker International Stock Up 0.8 %

NYSE:EAT traded up $1.13 during trading hours on Monday, hitting $136.20. The company's stock had a trading volume of 2,031,101 shares, compared to its average volume of 1,446,590. The stock has a market capitalization of $6.05 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 0.49 and a beta of 2.21. 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 stock has a fifty day moving average of $155.86 and a 200-day moving average of $130.47. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping 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 forecast 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.