Harbor Capital Advisors Inc. Buys 1,601 Shares of Brinker International, Inc. (NYSE:EAT)

Harbor Capital Advisors Inc. lifted its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,632 shares of the restaurant operator's stock after buying an additional 1,601 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.11% of Brinker International worth $7,547,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Range Financial Group LLC bought a new stake in Brinker International in the 1st quarter worth $1,036,000. MRA Advisory Group purchased a new position in Brinker International during the 1st quarter valued at about $560,000. Financial Management Professionals Inc. purchased a new position in shares of Brinker International during the first quarter valued at approximately $30,000. Finally, Rhumbline Advisers increased its position in Brinker International by 0.6% during the 1st quarter. Rhumbline Advisers now owns 121,505 shares of the restaurant operator's stock valued at $18,110,000 after purchasing an additional 691 shares during the period.

Brinker International Price Performance

Shares of EAT traded down $2.15 during trading hours on Friday, reaching $174.14. 1,316,363 shares of the stock traded hands, compared to its average volume of 1,487,640. The company's 50-day moving average price is $153.39 and its two-hundred day moving average price is $148.95. Brinker International, Inc. has a 52-week low of $56.27 and a 52-week high of $192.22. The company has a market cap of $7.74 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 0.49 and a beta of 1.71. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT - Get Free Report) last released its 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The company's quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. 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 equities research analysts recently weighed in on EAT shares. Citigroup reduced their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. 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. Finally, Barclays lowered their price objective on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Brinker International has a consensus rating of "Hold" and an average target price of $141.14.

Insider Activity at Brinker International

In other news, 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 sale, the director now directly owns 99,297 shares of the company's stock, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ramona Hood sold 777 shares of the business'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 sale, the director now directly owns 8,568 shares of the company's stock, valued at approximately $1,158,650.64. This trade represents a 8.31% 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 over the last 90 days. 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.