Burns Matteson Capital Management LLC Invests $479,000 in Brinker International, Inc. (NYSE:EAT)

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

Several other institutional investors and hedge funds have also recently modified their holdings of EAT. Coppell Advisory Solutions LLC acquired a new position in shares of Brinker International in the fourth quarter valued at $26,000. Farther Finance Advisors LLC grew its stake in shares of Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Brinker International during the first quarter worth about $30,000. Continuum Advisory LLC increased its position in Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 240 shares during the period. Finally, Quarry LP bought a new position in Brinker International during the fourth quarter worth about $48,000.

Brinker International Stock Down 2.2%

NYSE EAT traded down $3.63 during mid-day trading on Friday, hitting $161.50. The company's stock had a trading volume of 1,528,159 shares, compared to its average volume of 1,459,213. The company's 50 day simple moving average is $168.00 and its 200 day simple moving average is $156.30. 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 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 0.43 and a beta of 1.70.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Brinker International from $144.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Wells Fargo & Company raised their price target on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday. Bank of America raised their price target on shares of Brinker International from $185.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Barclays raised their price objective on shares of Brinker International from $155.00 to $166.00 and gave the company an "equal weight" rating in a report on Thursday. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $156.41.

Insider Activity at Brinker International

In other Brinker International news, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction 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 directly owned 8,568 shares of the company's stock, valued at $1,158,650.64. The trade was a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction on 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 transaction, the director directly owned 99,297 shares in the company, valued at $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,127 shares of company stock valued at $2,128,062. 1.72% of the stock is owned by company insiders.

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.