Sequoia Financial Advisors LLC Purchases Shares of 1,381 Brinker International, Inc. (NYSE:EAT)

Sequoia Financial Advisors LLC bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,381 shares of the restaurant operator's stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC purchased a new stake in shares of Brinker International during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its stake in shares of Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after buying an additional 161 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Brinker International during the 1st quarter valued at approximately $30,000. Continuum Advisory LLC lifted its stake in Brinker International by 1,714.3% in the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares in the last quarter. Finally, Quarry LP purchased a new stake in Brinker International in the 4th quarter worth approximately $48,000.

Analyst Upgrades and Downgrades

EAT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Barclays lowered their target price on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company lowered their target price on shares of 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. Stifel Nicolaus increased their target price 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. Finally, Citigroup lowered their target price 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. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Brinker International has a consensus rating of "Hold" and a consensus target price of $144.75.

Brinker International Trading Up 0.4%

Shares of EAT stock traded up $0.67 on Friday, hitting $182.40. 456,118 shares of the company's stock traded hands, compared to its average volume of 1,483,355. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.22. The company's fifty day simple moving average is $162.51 and its 200 day simple moving average is $154.19. The stock 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.

Brinker International (NYSE:EAT - Get Free Report) last released 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. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $1.24 EPS. The firm's quarterly revenue was up 27.2% compared to the same quarter last year. Equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Activity at Brinker International

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction on 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,127 shares of company stock valued at $2,128,062. Insiders own 1.72% of the company's stock.

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.