Williamson Legacy Group LLC Raises Stock Position in Brinker International, Inc. (NYSE:EAT)

Williamson Legacy Group LLC grew its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,195 shares of the restaurant operator's stock after acquiring an additional 2,798 shares during the period. Brinker International accounts for 1.0% of Williamson Legacy Group LLC's investment portfolio, making the stock its 14th biggest holding. Williamson Legacy Group LLC's holdings in Brinker International were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wolff Wiese Magana LLC grew its stake in Brinker International by 100.0% in 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 in the last quarter. GAMMA Investing LLC grew its stake 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 valued at $41,000 after buying an additional 171 shares in the last quarter. R Squared Ltd bought a new stake in shares of Brinker International in the 4th quarter valued at approximately $83,000. Truist Financial Corp acquired a new position in Brinker International in the fourth quarter worth approximately $206,000. Finally, Parametrica Management Ltd bought a new position in Brinker International during the third quarter valued at approximately $209,000.

Insider Transactions at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated 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 completion of the transaction, the director now directly owns 11,107 shares in the company, valued at $2,086,561.02. This trade represents 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 firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the transaction, the chief operating officer now owns 34,252 shares in the company, valued at approximately $6,435,950.80. This trade represents a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock worth $3,752,464 over the last three months. 1.72% of the stock is owned by company insiders.

Brinker International Stock Performance

NYSE:EAT traded down $1.97 during mid-day trading on Monday, hitting $162.86. 780,692 shares of the stock were exchanged, compared to its average volume of 1,417,366. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.21. 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 stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 0.49 and a beta of 2.54. The firm's 50-day simple moving average is $153.51 and its 200 day simple moving average is $116.74.

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 (EPS) for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. As a group, equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Northcoast Research upgraded shares of 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. UBS Group increased their target price on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. BMO Capital Markets raised their target price on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a report on Monday, January 27th. The Goldman Sachs Group upped their price target on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, KeyCorp downgraded Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price objective on the stock. in a research note on Friday, January 24th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.