Brinker International, Inc. (NYSE:EAT) Shares Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lifted its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 49.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,788 shares of the restaurant operator's stock after purchasing an additional 4,537 shares during the period. Baader Bank Aktiengesellschaft's holdings in Brinker International were worth $2,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in Brinker International in the 1st quarter valued at about $206,000. Range Financial Group LLC acquired a new stake in Brinker International during the 1st quarter worth approximately $1,036,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Brinker International in the 1st quarter valued at approximately $492,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Brinker International in the 1st quarter valued at approximately $565,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Brinker International in the 4th quarter valued at $1,336,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EAT shares. Stifel Nicolaus increased 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. Citigroup reduced their price objective 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. Wells Fargo & Company raised their target price on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Barclays lifted their price target on shares of Brinker International from $155.00 to $166.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Morgan Stanley boosted their target price on shares of Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $156.41.

Insider Transactions at Brinker International

In other news, Director Ramona Hood sold 777 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the transaction, the director owned 8,568 shares in the company, valued at approximately $1,158,650.64. This 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 accessible through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $135.91, for a total transaction of $319,388.50. Following the completion of the sale, the chief operating officer directly owned 20,591 shares of the company's stock, valued at $2,798,522.81. The trade was a 10.24% 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 worth $2,128,062. Insiders own 1.72% of the company's stock.

Brinker International Stock Performance

EAT stock traded down $1.89 during trading on Friday, hitting $155.71. 1,455,976 shares of the company's stock traded hands, compared to its average volume of 1,259,940. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00. Brinker International, Inc. has a 52 week low of $56.27 and a 52 week high of $192.21. The stock has a fifty day moving average price of $170.33 and a two-hundred day moving average price of $157.87. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 0.37 and a beta of 1.68.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping the consensus estimate of $2.48 by $0.18. The business 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 company's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. As a group, equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Brinker International Company 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.