Robeco Institutional Asset Management B.V. Acquires Shares of 3,792 Brinker International, Inc. (NYSE:EAT)

Robeco Institutional Asset Management B.V. acquired a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,792 shares of the restaurant operator's stock, valued at approximately $565,000.

Several other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC acquired a new stake in Brinker International in the first quarter valued at $206,000. Range Financial Group LLC acquired a new stake in Brinker International in the first quarter valued at $1,036,000. PNC Financial Services Group Inc. grew its holdings in Brinker International by 93.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,164 shares of the restaurant operator's stock valued at $948,000 after purchasing an additional 3,470 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Brinker International in the fourth quarter valued at $1,336,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new stake in Brinker International in the fourth quarter valued at $6,077,000.

Insider Activity at Brinker International

In related news, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 99,297 shares in the company, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $135.91, for a total value of $319,388.50. Following the sale, the chief operating officer owned 20,591 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 13,127 shares of company stock worth $2,128,062. 1.72% of the stock is currently owned by company insiders.

Brinker International Trading Up 0.4%

Shares of Brinker International stock traded up $0.67 during trading hours on Friday, reaching $182.40. The stock had a trading volume of 456,118 shares, compared to its average volume of 1,484,967. The firm has a 50 day simple moving average of $162.51 and a two-hundred day simple moving average of $154.38. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 0.47 and a beta of 1.70. The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00. 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 earnings results 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a return on equity of 333.03% and a net margin of 6.50%. The company's revenue was up 27.2% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. As a group, equities research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EAT has been the topic of several research reports. Barclays lowered their target price 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. Stifel Nicolaus upped their target price on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company decreased their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Citigroup decreased 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. Finally, JPMorgan Chase & Co. raised their price target on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $144.75.

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.