Avior Wealth Management LLC Acquires 2,702 Shares of Brinker International, Inc. (NYSE:EAT)

Avior Wealth Management LLC grew its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 8,187.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,735 shares of the restaurant operator's stock after purchasing an additional 2,702 shares during the period. Avior Wealth Management LLC's holdings in Brinker International were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EAT. Coppell Advisory Solutions LLC acquired a new stake in shares of Brinker International during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its position 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 in the last quarter. Financial Management Professionals Inc. acquired a new stake in Brinker International in the first quarter valued at approximately $30,000. Quarry LP acquired a new stake in Brinker International in the fourth quarter valued at approximately $48,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Brinker International in the fourth quarter valued at approximately $105,000.

Brinker International Stock Down 0.0%

NYSE:EAT traded down $0.04 on Monday, reaching $178.61. 1,554,588 shares of the stock traded hands, compared to its average volume of 1,483,832. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 0.51 and a beta of 1.71. 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, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The company's fifty day simple moving average is $157.71 and its 200 day simple moving average is $151.25.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.18. The firm had revenue of $1.43 billion during 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 business's revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. Equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on EAT. Stifel Nicolaus raised their target price on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday. Barclays cut their target price on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company dropped 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. Finally, Citigroup dropped 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. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $143.64.

Insiders Place Their Bets

In other news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction 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 transaction, the director now owns 99,297 shares of the company's stock, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $319,388.50. Following the sale, the chief operating officer now directly owns 20,591 shares in the company, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,127 shares of company stock worth $2,128,062 over the last three months. 1.72% of the stock is currently owned by company insiders.

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.