3,211 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new position in Brinker International, Inc. (NYSE:EAT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,211 shares of the restaurant operator's stock, valued at approximately $479,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EAT. Raymond James Financial Inc. acquired a new position in Brinker International during the fourth quarter valued at approximately $6,507,000. Swiss National Bank increased its position in Brinker International by 1.3% during the fourth quarter. Swiss National Bank now owns 88,100 shares of the restaurant operator's stock worth $11,655,000 after buying an additional 1,100 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Brinker International during the 4th quarter worth about $546,000. Xponance Inc. increased its stake in shares of Brinker International by 11.1% during the fourth quarter. Xponance Inc. now owns 3,215 shares of the restaurant operator's stock worth $425,000 after purchasing an additional 320 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Brinker International during the fourth quarter worth about $978,000.

Insiders Place Their Bets

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the sale, the director directly owned 99,297 shares of the company's stock, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the sale, the chief operating officer owned 20,591 shares in the company, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,127 shares of company stock worth $2,128,062 over the last ninety days. 1.72% of the stock is owned by company insiders.

Brinker International Trading Down 2.2%

Shares of EAT stock traded down $3.63 during trading hours on Friday, reaching $161.50. 1,528,159 shares of the stock were exchanged, compared to its average volume of 1,457,555. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 0.42 and a beta of 1.70. The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.22. The company's 50-day moving average price is $168.49 and its 200-day moving average price is $156.80.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.50% and a return on equity of 333.03%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $1.24 earnings per share. The company's revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Morgan Stanley increased their price objective on Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus raised their target price on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Thirteen equities 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 a consensus rating of "Hold" and an average target price of $156.41.

About Brinker International

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.