Meeder Asset Management Inc. Makes New $396,000 Investment in Brinker International, Inc. (NYSE:EAT)

Meeder Asset Management Inc. bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,654 shares of the restaurant operator's stock, valued at approximately $396,000.

Several other hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in Brinker International during the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. bought a new position in Brinker International during the 1st quarter worth approximately $30,000. Continuum Advisory LLC boosted its stake in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 240 shares during the last quarter. Finally, Quarry LP bought a new position in Brinker International during the 4th quarter worth approximately $48,000.

Brinker International Stock Performance

Shares of EAT stock traded down $1.89 during mid-day trading on Friday, reaching $155.71. The stock had a trading volume of 1,455,976 shares, compared to its average volume of 1,497,705. The business's fifty day moving average is $170.31 and its 200-day moving average is $157.78. The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.39 and a beta of 1.70. Brinker International, Inc. has a 1-year low of $56.27 and a 1-year high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, beating the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a return on equity of 333.03% and a net margin of 6.50%. Brinker International's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. On average, research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Buying and Selling

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the sale, the director owned 99,297 shares in the company, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,127 shares of company stock worth $2,128,062. 1.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on EAT shares. JPMorgan Chase & Co. lifted their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Bank of America lifted their price target on shares of Brinker International from $185.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Citigroup cut 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 note on Thursday, April 10th. Morgan Stanley lifted their price target on shares of Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus lifted their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Thirteen equities research 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, the company has a consensus rating of "Hold" and a consensus price target of $156.41.

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.