111 Capital Makes New $584,000 Investment in Brinker International, Inc. (NYSE:EAT)

111 Capital bought a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,411 shares of the restaurant operator's stock, valued at approximately $584,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in Brinker International by 3,277.5% in the fourth 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. bought a new stake in Brinker International in the fourth quarter worth approximately $82,408,000. Northern Trust Corp increased its holdings in Brinker International by 10.2% in the fourth quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock worth $67,814,000 after purchasing an additional 47,378 shares in the last quarter. Invesco Ltd. increased its holdings in Brinker International by 14.6% in the fourth quarter. Invesco Ltd. now owns 489,723 shares of the restaurant operator's stock worth $64,785,000 after purchasing an additional 62,265 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Brinker International in the fourth quarter worth approximately $61,929,000.

Brinker International Stock Up 2.6%

Brinker International stock traded up $4.42 during trading on Friday, hitting $172.89. 1,833,516 shares of the company were exchanged, compared to its average volume of 1,495,256. The business's 50 day moving average is $147.83 and its 200 day moving average is $145.51. Brinker International, Inc. has a 52 week low of $56.27 and a 52 week high of $192.22. The company has a market capitalization of $7.69 billion, a P/E ratio of 29.96, a PEG ratio of 0.49 and a beta of 1.66. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Brinker International's revenue was up 27.2% compared to the same quarter last year. Analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $135.91, for a total transaction of $319,388.50. Following the completion of the sale, the chief operating officer now owns 20,591 shares in the company, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ramona Hood sold 777 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the sale, the director now owns 8,568 shares of the company's stock, valued at $1,158,650.64. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Barclays decreased their price objective on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup decreased 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. 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, Brinker International has a consensus 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.