PNC Financial Services Group Inc. Purchases 3,470 Shares of Brinker International, Inc. (NYSE:EAT)

PNC Financial Services Group Inc. increased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 93.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,164 shares of the restaurant operator's stock after buying an additional 3,470 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Brinker International were worth $948,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EAT. Hennessy Advisors Inc. bought a new stake in shares of Brinker International during the 4th quarter worth $81,888,000. Assenagon Asset Management S.A. boosted its position in shares of Brinker International by 2,612.4% in the 4th 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 period. Wedge Capital Management L L P NC increased its stake in Brinker International by 1,145.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator's stock worth $55,038,000 after purchasing an additional 382,633 shares in the last quarter. Wellington Management Group LLP raised its holdings in Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock worth $47,351,000 after buying an additional 219,836 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Brinker International during the third quarter valued at about $14,611,000.

Brinker International Stock Performance

Brinker International stock traded down $0.49 during mid-day trading on Friday, reaching $144.93. The company had a trading volume of 1,241,925 shares, compared to its average volume of 1,404,443. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 0.49 and a beta of 2.56. The company has a 50 day moving average of $155.44 and a 200-day moving average of $123.28. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.22.

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

Insider Activity at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction that occurred on 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 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 document filed with the SEC, which is accessible through this link. Also, COO Douglas N. Comings sold 7,500 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on EAT. KeyCorp downgraded shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price on the stock. in a research report on Friday, January 24th. Wedbush boosted their target price on shares of Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. The Goldman Sachs Group raised their target price on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Barclays upped their price target on Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, UBS Group boosted 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.