2,540 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Alps Advisors Inc.

Alps Advisors Inc. acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,540 shares of the restaurant operator's stock, valued at approximately $379,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Horrell Capital Management Inc. increased its holdings in shares of Brinker International by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator's stock worth $3,526,000 after acquiring an additional 76 shares during the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Brinker International by 4.4% during the 4th quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock worth $282,000 after acquiring an additional 89 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Brinker International by 3.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock worth $596,000 after acquiring an additional 148 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in Brinker International in the 4th quarter valued at $26,000.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup reduced their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Morgan Stanley boosted their price target on Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a research note on Monday. Stifel Nicolaus boosted their price target 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 boosted their price target on Brinker International from $155.00 to $166.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $151.94.

Insider Buying and Selling at Brinker International

In other news, COO Douglas N. Comings sold 2,350 shares of the firm'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 transaction, the chief operating officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Michael Depinto sold 10,000 shares of the firm'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 completion of the transaction, the director owned 99,297 shares in the company, valued at $16,916,236.92. This represents a 9.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,127 shares of company stock valued at $2,128,062. Company insiders own 1.72% of the company's stock.

Brinker International Trading Down 0.7%

NYSE EAT traded down $1.09 during trading hours on Thursday, hitting $165.09. 743,643 shares of the company's stock were exchanged, compared to its average volume of 1,459,453. The stock has a 50-day simple moving average of $167.43 and a 200 day simple moving average of $156.07. Brinker International, Inc. has a 1-year low of $56.27 and a 1-year high of $192.22. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 0.43 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 (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 333.03% and a net margin of 6.50%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company's quarterly revenue was up 27.2% on a year-over-year basis. On average, equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

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.