11,475 Shares in Brinker International, Inc. (NYSE:EAT) Purchased by Rezny Wealth Management Inc.

Key Points

• Rezny Wealth Management Inc. has acquired 11,475 shares of Brinker International, Inc., valued at approximately $1.7 million, which constitutes about 0.4% of their portfolio.
• Brinker International's stock recently opened at $159.54 with a market capitalization of $7.09 billion and a current price-to-earnings ratio of 22.01.
• Several financial institutions, including Bank of America and Citigroup, have adjusted their price targets for Brinker International, with current ratings ranging from "neutral" to "buy."

Rezny Wealth Management Inc. purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,475 shares of the restaurant operator's stock, valued at approximately $1,710,000. Brinker International makes up about 0.4% of Rezny Wealth Management Inc.'s portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EAT. Coppell Advisory Solutions LLC bought a new stake in Brinker International during the fourth quarter worth $26,000. Farther Finance Advisors LLC increased its holdings in shares of 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 position in shares of Brinker International in the first quarter valued at $30,000. Continuum Advisory LLC increased its holdings in shares of Brinker International by 1,714.3% in 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 during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 175 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Joseph Michael Depinto sold 10,000 shares of the company's stock in a transaction dated 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 owned 99,297 shares of the company's stock, valued at $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.72% of the stock is owned by corporate insiders.

Brinker International Stock Performance

Shares of EAT stock traded down $6.94 on Friday, hitting $152.54. The company's stock had a trading volume of 1,356,579 shares, compared to its average volume of 1,183,953. Brinker International, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $192.21. The stock's 50 day moving average is $169.62 and its 200-day moving average is $158.33. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28. The company has a market capitalization of $6.78 billion, a PE ratio of 21.04, a PEG ratio of 0.36 and a beta of 1.68.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Brinker International from $155.00 to $166.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Bank of America upped their price objective on shares of Brinker International from $185.00 to $186.00 and gave the company a "neutral" rating in a report on Friday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Stifel Nicolaus upped their price objective on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus price target of $156.41.

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.