1,381 Shares in Brinker International, Inc. (NYSE:EAT) Acquired by Sequoia Financial Advisors LLC

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Archford Capital Strategies LLC bought a new position in shares of Brinker International during the first quarter valued at about $688,000. Continuum Advisory LLC raised its stake in Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after buying an additional 240 shares in the last quarter. Avior Wealth Management LLC raised its stake in Brinker International by 8,187.9% in the first quarter. Avior Wealth Management LLC now owns 2,735 shares of the restaurant operator's stock worth $408,000 after buying an additional 2,702 shares in the last quarter. Ritholtz Wealth Management raised its stake in Brinker International by 46.8% in the first quarter. Ritholtz Wealth Management now owns 19,942 shares of the restaurant operator's stock worth $2,972,000 after buying an additional 6,359 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Brinker International by 12.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,267 shares of the restaurant operator's stock worth $934,000 after buying an additional 713 shares in the last quarter.

Insider Activity

In other news, Director Ramona Hood sold 777 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the sale, the director owned 8,568 shares in the company, valued at $1,158,650.64. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction that occurred 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 sale, the director owned 99,297 shares in the company, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,127 shares of company stock worth $2,128,062 over the last 90 days. 1.72% of the stock is currently owned by insiders.

Brinker International Stock Up 0.4%

Shares of NYSE EAT traded up $0.67 on Friday, reaching $182.40. 456,118 shares of the company's stock traded hands, compared to its average volume of 1,484,967. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The business's 50 day simple moving average is $162.51 and its two-hundred day simple moving average is $154.54. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.70. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.18. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The business's revenue for the quarter was up 27.2% on a year-over-year basis. As a group, equities research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of research reports. Citigroup decreased their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company decreased their price target on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus increased their price target 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. Barclays decreased their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their price target 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. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $144.75.

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.