6,066 Shares in Brinker International, Inc. (NYSE:EAT) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,066 shares of the restaurant operator's stock, valued at approximately $802,000.

Other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of Brinker International during the fourth quarter worth $410,000. Principal Financial Group Inc. raised its stake in 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 bought a new position in Brinker International during the fourth quarter worth about $661,000. Ifrah Financial Services Inc. acquired a new position in Brinker International in the fourth quarter valued at about $280,000. Finally, LMG Wealth Partners LLC acquired a new position in Brinker International in the fourth quarter valued at about $400,000.

Insiders Place Their Bets

In other Brinker International news, Director Ramona Hood sold 777 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the transaction, the director now owns 8,568 shares of the company's stock, valued at $1,158,650.64. The trade was a 8.31% 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 2,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $135.91, for a total value of $319,388.50. Following the completion of the sale, the chief operating officer now directly owns 20,591 shares of the company's stock, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

EAT has been the topic of several recent analyst reports. Citigroup cut their price objective on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. KeyCorp downgraded 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. Wedbush lifted their price target on shares of Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Northcoast Research raised shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price objective on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Thirteen equities 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 presently has an average rating of "Hold" and a consensus target price of $141.14.

Brinker International Stock Down 1.8%

EAT traded down $2.74 on Thursday, hitting $148.23. 534,291 shares of the company were exchanged, compared to its average volume of 1,489,374. The stock's fifty day moving average is $144.82 and its 200-day moving average is $141.58. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month 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 company has a market cap of $6.59 billion, a PE ratio of 25.72, a PEG ratio of 0.49 and a beta of 1.66.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.18. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The business's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. Equities research analysts predict that Brinker International, Inc. will post 8.3 EPS 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.