Archford Capital Strategies LLC Makes New $688,000 Investment in Brinker International, Inc. (NYSE:EAT)

Archford Capital Strategies LLC acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,613 shares of the restaurant operator's stock, valued at approximately $688,000.

Several other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC grew its stake in Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 240 shares in the last quarter. Avior Wealth Management LLC grew its stake in Brinker International by 8,187.9% during the first quarter. Avior Wealth Management LLC now owns 2,735 shares of the restaurant operator's stock valued at $408,000 after acquiring an additional 2,702 shares in the last quarter. Ritholtz Wealth Management grew its stake in Brinker International by 46.8% during the first quarter. Ritholtz Wealth Management now owns 19,942 shares of the restaurant operator's stock valued at $2,972,000 after acquiring an additional 6,359 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Brinker International by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,267 shares of the restaurant operator's stock worth $934,000 after buying an additional 713 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Brinker International by 153.4% in the 1st quarter. GAMMA Investing LLC now owns 783 shares of the restaurant operator's stock worth $117,000 after buying an additional 474 shares in the last quarter.

Brinker International Trading Down 1.1%

EAT traded down $2.00 during trading on Friday, hitting $179.78. 1,899,529 shares of the stock traded hands, compared to its average volume of 1,485,142. The firm has a market capitalization of $7.99 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.28 and a quick ratio of 0.23. The firm has a 50-day moving average of $159.90 and a 200 day moving average of $152.73. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.22.

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 for the quarter, beating the consensus estimate of $2.48 by $0.18. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The firm's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $135.91, for a total value of $319,388.50. Following the completion of the transaction, the chief operating officer now directly owns 20,591 shares in the company, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Michael Depinto sold 10,000 shares of the company's 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 completion of the transaction, the director now owns 99,297 shares of the company's stock, valued at $16,916,236.92. This trade represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,127 shares of company stock valued at $2,128,062 in the last quarter. Company insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EAT shares. Barclays cut their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Citigroup cut their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Wells Fargo & Company cut their price target on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.