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

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

A number of other large investors have also recently bought and sold shares of EAT. Coppell Advisory Solutions LLC acquired a new position in Brinker International in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its holdings in Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 161 shares during the period. Financial Management Professionals Inc. acquired a new position in Brinker International in the first quarter valued at approximately $30,000. Continuum Advisory LLC lifted its holdings in Brinker International by 1,714.3% in 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 during the period. Finally, Quarry LP acquired a new position in Brinker International in the fourth quarter valued at approximately $48,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Stifel Nicolaus boosted their price target on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Barclays decreased their price target on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Citigroup reduced their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company reduced their target price 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. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $148.41.

Brinker International Price Performance

NYSE EAT traded down $1.76 during mid-day trading on Friday, hitting $164.95. The stock had a trading volume of 1,426,028 shares, compared to its average volume of 1,469,232. The firm's 50 day moving average is $165.54 and its 200 day moving average is $155.58. Brinker International, Inc. has a twelve month low of $56.27 and a twelve month high of $192.22. 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 stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 0.43 and a beta of 1.70.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results 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 company 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 firm's quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. Equities research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Ramona Hood sold 777 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the sale, the director directly owned 8,568 shares in the company, valued at $1,158,650.64. This represents a 8.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $319,388.50. Following the completion of the sale, the chief operating officer owned 20,591 shares of the company's stock, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,127 shares of company stock worth $2,128,062 in the last three months. 1.72% of the stock is owned by corporate insiders.

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.