44 Wealth Management LLC Invests $1.46 Million in Brinker International, Inc. (NYSE:EAT)

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

Several other institutional investors have also added to or reduced their stakes in EAT. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $130,615,000 after purchasing an additional 958,101 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Brinker International during the 4th quarter valued at $82,408,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Brinker International during the 4th quarter valued at $61,929,000. American Century Companies Inc. boosted its stake in Brinker International by 4,710.3% during the 4th quarter. American Century Companies Inc. now owns 280,824 shares of the restaurant operator's stock valued at $37,150,000 after purchasing an additional 274,986 shares during the last quarter. Finally, Man Group plc boosted its stake in Brinker International by 293.6% during the 4th quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock valued at $31,658,000 after purchasing an additional 178,503 shares during the last quarter.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Ramona Hood sold 777 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the sale, the director directly owned 8,568 shares of the company's stock, valued at $1,158,650.64. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the completion of the sale, the chief operating officer directly owned 20,591 shares in the company, valued at $2,798,522.81. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,127 shares of company stock valued at $2,128,062 over the last ninety days. 1.72% of the stock is currently owned by company insiders.

Brinker International Stock Performance

NYSE EAT traded up $0.67 on Friday, hitting $182.40. 456,118 shares of the company traded hands, compared to its average volume of 1,484,967. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 0.47 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. The business's 50 day moving average price is $162.51 and its 200-day moving average price is $154.38. Brinker International, Inc. has a 52-week low of $56.27 and a 52-week high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a return on equity of 333.03% and a net margin of 6.50%. Brinker International's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. Equities analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

EAT has been the topic of several recent analyst reports. Citigroup cut their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus increased their target price on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays dropped their price target on Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their price target on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Brinker International presently has an average rating of "Hold" and an average price target of $144.75.

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.