Banque Pictet & Cie SA Makes New $547,000 Investment in Brinker International, Inc. (NYSE:EAT)

Banque Pictet & Cie SA acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,672 shares of the restaurant operator's stock, valued at approximately $547,000.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Brinker International by 3,277.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after purchasing an additional 958,101 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Brinker International during the fourth quarter worth approximately $82,408,000. Northern Trust Corp raised its stake in shares of Brinker International by 10.2% during the fourth quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock worth $67,814,000 after acquiring an additional 47,378 shares in the last quarter. Invesco Ltd. raised its stake in shares of Brinker International by 14.6% during the fourth quarter. Invesco Ltd. now owns 489,723 shares of the restaurant operator's stock worth $64,785,000 after acquiring an additional 62,265 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Brinker International during the fourth quarter worth approximately $61,929,000.

Brinker International Stock Up 0.1%

Shares of EAT stock traded up $0.24 during mid-day trading on Monday, reaching $165.33. 1,169,434 shares of the company's stock traded hands, compared to its average volume of 1,468,033. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The company has a market cap of $7.35 billion, a P/E ratio of 22.80, a P/E/G ratio of 0.43 and a beta of 1.70. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00. The company's 50-day moving average price is $165.54 and its 200-day moving average price is $155.71.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.18. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The company's quarterly revenue was up 27.2% on a year-over-year basis. On average, equities analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on EAT shares. Wells Fargo & Company decreased their price target on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Citigroup decreased 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 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, June 25th. Barclays decreased 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 research note on Wednesday, April 30th. Finally, Stifel Nicolaus raised their target price on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $150.41.

Insider Activity

In other news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction dated Thursday, June 5th. The stock was 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 of the company's stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction dated Friday, May 9th. The stock was 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 directly owned 20,591 shares of the company's stock, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,127 shares of company stock worth $2,128,062. Corporate insiders own 1.72% of the company's stock.

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.