AlTi Global Inc. Buys New Holdings in Brinker International, Inc. (NYSE:EAT)

AlTi Global Inc. purchased a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,000 shares of the restaurant operator's stock, valued at approximately $265,000.

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

Brinker International Price Performance

Shares of NYSE:EAT traded up $0.45 during midday trading on Friday, hitting $137.09. 834,997 shares of the stock were exchanged, compared to its average volume of 1,493,761. Brinker International, Inc. has a twelve month low of $56.27 and a twelve month high of $192.22. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The company has a 50 day moving average price of $144.50 and a 200-day moving average price of $140.77. The stock has a market cap of $6.09 billion, a P/E ratio of 23.76, a PEG ratio of 0.49 and a beta of 1.66.

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

Insiders Place Their Bets

In related news, Director Ramona Hood sold 777 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 approximately $1,158,650.64. This represents a 8.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the business'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 owns 26,752 shares of the company's stock, valued at $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. 1.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of recent research reports. Barclays cut their target price on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company reduced their target price on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Wedbush increased their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Citigroup dropped their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, BMO Capital Markets increased their price objective on Brinker International from $105.00 to $125.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.