Thoroughbred Financial Services LLC Makes New Investment in Brinker International, Inc. (NYSE:EAT)

Thoroughbred Financial Services LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,026 shares of the restaurant operator's stock, valued at approximately $268,000.

Other large investors have also bought and sold shares of the company. Wolff Wiese Magana LLC lifted its holdings in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Brinker International by 123.9% in the 4th 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 acquired a new stake in Brinker International during the fourth quarter valued at approximately $83,000. SBI Securities Co. Ltd. bought a new stake in Brinker International during the fourth quarter worth approximately $126,000. Finally, Daiwa Securities Group Inc. acquired a new position in Brinker International in the fourth quarter worth approximately $146,000.

Insider Buying and Selling at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction dated 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 transaction, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Douglas N. Comings sold 7,500 shares of the business'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 completion of the sale, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock worth $3,752,464 over the last ninety days. 1.72% of the stock is currently owned by insiders.

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Analyst Ratings Changes

EAT has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Citigroup reduced their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday. Barclays lifted their price target on Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Finally, Wedbush lifted their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $139.39.

Brinker International Stock Up 0.9 %

Shares of NYSE:EAT traded up $1.22 during midday trading on Friday, hitting $143.99. 1,277,148 shares of the stock were exchanged, compared to its average volume of 1,457,793. The company has a market capitalization of $6.39 billion, a PE ratio of 24.96, a P/E/G ratio of 0.49 and a beta of 2.21. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The business's fifty day simple moving average is $151.17 and its two-hundred day simple moving average is $132.36.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly 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%. As a group, research analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal 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.