GSA Capital Partners LLP Invests $1.53 Million in Brinker International, Inc. (NYSE:EAT)

GSA Capital Partners LLP bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,264 shares of the restaurant operator's stock, valued at approximately $1,530,000.

Several other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Brinker International by 3,277.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock worth $130,615,000 after acquiring an additional 958,101 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Brinker International during the fourth quarter worth approximately $82,408,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Brinker International during the fourth quarter worth approximately $61,929,000. Man Group plc lifted its position in Brinker International by 293.6% during the fourth quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock worth $31,658,000 after acquiring an additional 178,503 shares during the last quarter. Finally, Norges Bank acquired a new stake in Brinker International during the fourth quarter worth approximately $21,549,000.

Brinker International Trading Down 1.2%

Shares of EAT traded down $1.89 during trading on Friday, reaching $155.71. 1,455,976 shares of the company traded hands, compared to its average volume of 1,497,705. Brinker International, Inc. has a twelve month low of $56.27 and a twelve month high of $192.21. The stock has a market cap of $6.92 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.39 and a beta of 1.70. The stock has a 50-day simple moving average of $170.31 and a 200-day simple moving average of $157.78. 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 (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share 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 during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The business's quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EAT. Morgan Stanley raised their target price on shares of Brinker International from $144.00 to $149.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Citigroup lowered their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Barclays lifted their price objective on shares of Brinker International from $155.00 to $166.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Brinker International currently has a consensus rating of "Hold" and a consensus target price of $156.41.

Insider Activity at Brinker International

In other Brinker International news, Director Ramona Hood sold 777 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the transaction, the director directly owned 8,568 shares of the company's stock, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,703,600.00. Following the completion of the transaction, the director directly owned 99,297 shares in the company, 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 sold a total of 13,127 shares of company stock worth $2,128,062 in the last 90 days. 1.72% of the stock is owned by 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.