Sage Rhino Capital LLC Buys New Position in Brinker International, Inc. (NYSE:EAT)

Sage Rhino Capital LLC bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,122 shares of the restaurant operator's stock, valued at approximately $281,000.

Several other large investors have also recently added to or reduced their stakes in the business. Entropy Technologies LP acquired a new stake in Brinker International during the fourth quarter worth about $410,000. Principal Financial Group Inc. grew its holdings in shares of Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after purchasing an additional 51,927 shares during the period. Stephens Inc. AR acquired a new stake in Brinker International during the 4th quarter worth approximately $661,000. Ifrah Financial Services Inc. purchased a new position in Brinker International in the fourth quarter valued at approximately $280,000. Finally, Empowered Funds LLC acquired a new position in Brinker International during the third quarter valued at approximately $5,330,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Argus raised shares of 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. Barclays increased their price target on Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. UBS Group raised their price target on Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets upped their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $140.18.

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Insider Activity

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction that occurred on Monday, February 3rd. The shares were 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 in the company, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the company'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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock worth $3,752,464 in the last 90 days. Company insiders own 1.72% of the company's stock.

Brinker International Trading Down 7.2 %

Shares of Brinker International stock traded down $10.80 during trading on Thursday, hitting $139.37. The stock had a trading volume of 1,358,898 shares, compared to its average volume of 1,392,105. The stock has a 50 day simple moving average of $154.56 and a 200 day simple moving average of $118.22. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 1 year low of $43.37 and a 1 year high of $192.22. The company has a market capitalization of $6.19 billion, a PE ratio of 24.15, a P/E/G ratio of 0.49 and a beta of 2.56.

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 for the quarter, beating 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, research analysts expect that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

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.