Maxi Investments CY Ltd Purchases Shares of 16,900 Brinker International, Inc. (NYSE:EAT)

Key Points

• Maxi Investments CY Ltd acquired 16,900 shares of Brinker International, valued at approximately $2,519,000, in the first quarter.
• Shares of Brinker International saw an increase of 3.0%, with a current market capitalization of $7.14 billion and a price-to-earnings ratio of 22.14.
• Recent analyst reports show a consensus rating of "Hold" for Brinker International, with thirteen analysts rating it as such, while five analysts rated it as a buy.

Maxi Investments CY Ltd acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,900 shares of the restaurant operator's stock, valued at approximately $2,519,000.

Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International during the fourth quarter worth $26,000. Farther Finance Advisors LLC raised its position 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 purchasing an additional 161 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Brinker International during the first quarter valued at about $30,000. Continuum Advisory LLC grew its holdings 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 worth $38,000 after purchasing an additional 240 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Brinker International in the fourth quarter valued at approximately $48,000.

Insider Transactions at Brinker International

In related news, Director Joseph Michael Depinto sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the transaction, the director directly owned 99,297 shares of the company's stock, valued at approximately $16,916,236.92. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction that occurred 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 directly owned 20,591 shares of the company's stock, valued at $2,798,522.81. This trade represents a 10.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EAT shares. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus boosted their price objective on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company lifted their target price on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Bank of America increased their price target on Brinker International from $185.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, Citigroup cut their price objective 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. Thirteen 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.com, Brinker International currently has an average rating of "Hold" and an average target price of $156.41.

Brinker International Stock Up 0.3%

EAT traded up $0.45 during midday trading on Thursday, hitting $159.54. The company had a trading volume of 840,000 shares, compared to its average volume of 1,223,075. The stock's 50 day moving average price is $170.03 and its 200 day moving average price is $158.30. Brinker International, Inc. has a 52 week low of $58.85 and a 52 week high of $192.21. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 0.38 and a beta of 1.68. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00.

About Brinker International

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.