Savvy Advisors Inc. Invests $285,000 in Brinker International, Inc. (NYSE:EAT)

Savvy Advisors Inc. purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,153 shares of the restaurant operator's stock, valued at approximately $285,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Entropy Technologies LP bought a new stake in Brinker International in the 4th quarter valued at $410,000. Principal Financial Group Inc. boosted 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 buying an additional 51,927 shares during the period. Stephens Inc. AR acquired a new position in Brinker International in the 4th quarter valued at about $661,000. Ifrah Financial Services Inc. bought a new position in Brinker International in the 4th quarter valued at about $280,000. Finally, LMG Wealth Partners LLC acquired a new stake in Brinker International during the fourth quarter worth approximately $400,000.

Insider Buying and Selling

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the firm's stock in a transaction that occurred 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 owns 26,752 shares in the company, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the sale, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock valued at $3,752,464 over the last 90 days. 1.72% of the stock is owned by insiders.

Brinker International Price Performance

Shares of NYSE EAT traded up $2.95 during midday trading on Friday, reaching $153.28. 1,061,448 shares of the company were exchanged, compared to its average volume of 1,453,143. Brinker International, Inc. has a one year low of $45.52 and a one year high of $192.22. The stock has a market cap of $6.81 billion, a P/E ratio of 26.57, a PEG ratio of 0.49 and a beta of 2.21. 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 stock's 50-day moving average price is $148.81 and its 200-day moving average price is $135.31.

Brinker International (NYSE:EAT - Get Free Report) last posted 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, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EAT shares. Wedbush increased their target price on Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Northcoast Research raised Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, KeyCorp cut 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 report on Friday, January 24th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Brinker International currently has a consensus rating of "Hold" and an average target price of $144.47.

Brinker International 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.