Victory Capital Management Inc. Grows Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Victory Capital Management Inc. raised its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,983 shares of the restaurant operator's stock after acquiring an additional 3,675 shares during the quarter. Victory Capital Management Inc.'s holdings in Brinker International were worth $2,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wolff Wiese Magana LLC boosted its stake in shares of Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC boosted its position in Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after buying an additional 171 shares during the period. R Squared Ltd purchased a new stake in Brinker International in the 4th quarter valued at about $83,000. SBI Securities Co. Ltd. bought a new position in Brinker International in the 4th quarter worth about $126,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Brinker International by 132.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,420 shares of the restaurant operator's stock worth $188,000 after acquiring an additional 809 shares during the period.

Brinker International Stock Up 2.9 %

EAT stock traded up $4.10 on Thursday, hitting $145.51. 927,400 shares of the company's stock were exchanged, compared to its average volume of 1,405,444. The firm has a 50 day moving average price of $155.32 and a two-hundred day moving average price of $123.13. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. Brinker International, Inc. has a 12-month low of $43.37 and a 12-month high of $192.22. The stock has a market cap of $6.46 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56.

Remove Ads

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

Insider Buying and Selling at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the sale, the director now directly owns 11,107 shares of the company's stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the completion of the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at approximately $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EAT shares. UBS Group increased their price objective on Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Argus raised Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price target on the stock in a research report on Tuesday, December 24th. StockNews.com upgraded Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Stifel Nicolaus upped their price objective on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research note 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. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.