44 Wealth Management LLC Takes Position in Brinker International, Inc. (NYSE:EAT)

44 Wealth Management LLC purchased a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,824 shares of the restaurant operator's stock, valued at approximately $1,464,000.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in Brinker International in the first quarter worth $206,000. Range Financial Group LLC acquired a new position in shares of Brinker International during the first quarter valued at about $1,036,000. PNC Financial Services Group Inc. grew its holdings in shares of Brinker International by 93.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,164 shares of the restaurant operator's stock valued at $948,000 after buying an additional 3,470 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Brinker International during the fourth quarter valued at about $1,336,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Brinker International during the fourth quarter valued at about $6,077,000.

Insiders Place Their Bets

In other news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total value of $1,703,600.00. Following the sale, the director owned 99,297 shares of the company's stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were 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 directly owned 20,591 shares in the company, valued at approximately $2,798,522.81. This trade represents a 10.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,127 shares of company stock valued at $2,128,062. Company insiders own 1.72% of the company's stock.

Brinker International Stock Performance

EAT stock traded down $9.28 during mid-day trading on Monday, hitting $173.49. The company had a trading volume of 1,847,791 shares, compared to its average volume of 1,486,436. The firm has a market cap of $7.71 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.47 and a beta of 1.70. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The stock's fifty day moving average price is $162.51 and its two-hundred day moving average price is $154.54.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping the consensus estimate of $2.48 by $0.18. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The company's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. On average, analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

EAT has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Barclays reduced their price objective on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price objective on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Citigroup reduced their price objective on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price target 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. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Brinker International currently has a consensus rating of "Hold" and a consensus price target of $144.75.

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.