Highview Capital Management LLC DE Has $2.40 Million Position in Brinker International, Inc. (NYSE:EAT)

Highview Capital Management LLC DE grew its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,128 shares of the restaurant operator's stock after acquiring an additional 2,571 shares during the quarter. Brinker International comprises about 1.0% of Highview Capital Management LLC DE's investment portfolio, making the stock its 29th largest holding. Highview Capital Management LLC DE's holdings in Brinker International were worth $2,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EAT. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in shares of 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 in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Brinker International during the first quarter valued at about $30,000. Continuum Advisory LLC raised its stake in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 240 shares in the last quarter. Finally, Quarry LP bought a new stake in Brinker International in the fourth quarter worth about $48,000.

Insider Transactions at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction on Friday, May 9th. The shares were sold at an average price of $135.91, for a total transaction of $319,388.50. Following the sale, the chief operating officer owned 20,591 shares in the company, valued at $2,798,522.81. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the sale, the director owned 8,568 shares in the company, valued at $1,158,650.64. This represents a 8.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,127 shares of company stock worth $2,128,062. Insiders own 1.72% of the company's stock.

Brinker International Stock Performance

Shares of Brinker International stock traded up $0.11 during midday trading on Wednesday, hitting $171.39. The company had a trading volume of 329,094 shares, compared to its average volume of 1,478,805. The business's 50 day simple moving average is $163.46 and its two-hundred day simple moving average is $154.93. The stock has a market cap of $7.62 billion, a PE ratio of 23.62, a P/E/G ratio of 0.45 and a beta of 1.70. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.28 and a quick ratio of 0.23. Brinker International, Inc. has a 1-year low of $56.27 and a 1-year high of $192.22.

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 (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.18. The business 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 6.50% and a return on equity of 333.03%. Brinker International's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. As a group, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EAT has been the topic of several research reports. Citigroup dropped 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 report on Thursday, April 10th. Stifel Nicolaus increased their price objective on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Barclays dropped their price objective on Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $148.41.

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.