Raymond James Financial Inc. Purchases New Holdings in Brinker International, Inc. (NYSE:EAT)

Raymond James Financial Inc. acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,187 shares of the restaurant operator's stock, valued at approximately $6,507,000. Raymond James Financial Inc. owned about 0.11% of Brinker International at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Wolff Wiese Magana LLC grew its position in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its stake in Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 171 shares in the last quarter. R Squared Ltd bought a new stake in shares of Brinker International during the fourth quarter worth $83,000. SBI Securities Co. Ltd. acquired a new stake in shares of Brinker International in the fourth quarter valued at $126,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Brinker International by 132.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,420 shares of the restaurant operator's stock valued at $188,000 after buying an additional 809 shares during the last quarter.

Insider Buying and Selling

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the transaction, the chief operating officer now directly owns 26,752 shares of the company's stock, valued at $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the 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 transaction, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,802 shares of company stock worth $3,752,464. Company insiders own 1.72% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have weighed in on EAT shares. Citigroup raised their price objective on shares of Brinker International from $166.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. KeyCorp lowered 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 report on Friday, January 24th. Stifel Nicolaus boosted their price objective on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. BMO Capital Markets boosted their target price on Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Finally, 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 note on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $140.18.

Brinker International Stock Up 1.6 %

Shares of EAT traded up $2.41 during midday trading on Tuesday, hitting $156.56. The stock had a trading volume of 610,048 shares, compared to its average volume of 1,401,151. 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 firm has a market cap of $6.95 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. The company has a 50 day simple moving average of $155.88 and a two-hundred day simple moving average of $125.11. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 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, analysts anticipate that Brinker International, Inc. will post 8.3 EPS 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.