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

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

A number of other large investors have also recently bought and sold shares of EAT. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International in the fourth quarter worth $26,000. Wolff Wiese Magana LLC lifted its position in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its position in Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after buying an additional 171 shares in the last quarter. Quarry LP acquired a new position in shares of Brinker International during the 4th quarter worth about $48,000. Finally, R Squared Ltd bought a new position in shares of Brinker International in the 4th quarter valued at about $83,000.

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction on Monday, February 10th. The stock was 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 of the company's stock, valued at approximately $4,470,259.20. The trade was a 21.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ramona Hood sold 777 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the sale, the director now directly owns 8,568 shares in the company, valued at $1,158,650.64. This trade represents a 8.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

Brinker International Price Performance

NYSE:EAT opened at $137.09 on Friday. 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 firm has a market cap of $6.09 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a 52 week low of $56.27 and a 52 week high of $192.22. The firm's 50-day simple moving average is $144.50 and its 200 day simple moving average is $140.45.

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

Analysts Set New Price Targets

Several research analysts recently commented on EAT shares. KeyCorp cut Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target for the company. in a research report on Friday, January 24th. Citigroup cut their price objective on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Wells Fargo & Company cut their price target on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, BMO Capital Markets lifted their price objective on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Brinker International currently has a consensus rating of "Hold" and a consensus target price of $141.14.

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.

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