Brevan Howard Capital Management LP Has $4.81 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Brevan Howard Capital Management LP boosted its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 97.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,335 shares of the restaurant operator's stock after purchasing an additional 17,936 shares during the quarter. Brevan Howard Capital Management LP owned 0.08% of Brinker International worth $4,807,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Brinker International by 3,277.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock worth $130,615,000 after purchasing an additional 958,101 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Brinker International during the fourth quarter valued at approximately $82,408,000. Hennessy Advisors Inc. bought a new position in Brinker International in the fourth quarter valued at approximately $81,888,000. Assenagon Asset Management S.A. increased its position in shares of Brinker International by 2,612.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after purchasing an additional 566,894 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Brinker International in the fourth quarter valued at $61,929,000.

Wall Street Analyst Weigh In

EAT has been the subject of a number of recent analyst reports. StockNews.com raised Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Citigroup cut their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. BMO Capital Markets upped their price objective on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Wells Fargo & Company dropped their price objective on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, KeyCorp downgraded shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price for the company. in a report on Friday, January 24th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $141.14.

Brinker International Trading Down 3.4 %

EAT opened at $128.54 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a twelve month low of $55.43 and a twelve month high of $192.22. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 0.49 and a beta of 1.66. The company has a 50-day simple moving average of $146.16 and a 200 day simple moving average of $139.89.

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

Insider Transactions at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now owns 26,752 shares in the company, valued at $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.72% of the stock is owned by insiders.

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.

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