Brinker International, Inc. (NYSE:EAT) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC increased its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 8,187.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,735 shares of the restaurant operator's stock after buying 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.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management increased its position in Brinker International by 46.8% during the 1st quarter. Ritholtz Wealth Management now owns 19,942 shares of the restaurant operator's stock valued at $2,972,000 after purchasing an additional 6,359 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brinker International by 12.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,267 shares of the restaurant operator's stock valued at $934,000 after purchasing an additional 713 shares in the last quarter. GAMMA Investing LLC increased its holdings in Brinker International by 153.4% during the first quarter. GAMMA Investing LLC now owns 783 shares of the restaurant operator's stock valued at $117,000 after buying an additional 474 shares during the period. Harbor Capital Advisors Inc. raised its stake in Brinker International by 3.3% in the first quarter. Harbor Capital Advisors Inc. now owns 50,632 shares of the restaurant operator's stock worth $7,547,000 after buying an additional 1,601 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Brinker International by 575.0% in 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.

Insider Transactions at Brinker International

In related news, COO Douglas N. Comings sold 2,350 shares of the business'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 sale, the chief operating officer now owns 20,591 shares of the company's stock, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the director now owns 99,297 shares of the company's stock, valued at $16,916,236.92. This represents a 9.15% 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 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EAT. Barclays cut their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company decreased their price target on 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. Citigroup cut their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Stifel Nicolaus boosted 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. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $144.75.

Brinker International Stock Performance

NYSE:EAT traded up $5.20 during mid-day trading on Thursday, hitting $181.87. The company's stock had a trading volume of 1,011,564 shares, compared to its average volume of 1,481,128. The business's fifty day moving average is $159.37 and its two-hundred day moving average is $152.03. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 0.50 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. Brinker International, Inc. has a 1 year low of $56.27 and a 1 year high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) 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 return on equity of 333.03% and a net margin of 6.50%. 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 EPS. Analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

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.