Sequoia Financial Advisors LLC Takes $206,000 Position in Brinker International, Inc. (NYSE:EAT)

Sequoia Financial Advisors LLC 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. The firm purchased 1,381 shares of the restaurant operator's stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EAT. Range Financial Group LLC acquired a new stake in shares of Brinker International during the 1st quarter valued at about $1,036,000. PNC Financial Services Group Inc. grew its position in shares of Brinker International by 93.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,164 shares of the restaurant operator's stock valued at $948,000 after acquiring an additional 3,470 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Brinker International during the 4th quarter valued at about $1,336,000. FORA Capital LLC acquired a new stake in shares of Brinker International during the 4th quarter valued at about $802,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Brinker International by 22.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,349 shares of the restaurant operator's stock valued at $16,318,000 after acquiring an additional 22,535 shares during the period.

Insider Activity at Brinker International

In related news, Director Ramona Hood sold 777 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the transaction, the director owned 8,568 shares of the company's stock, valued at $1,158,650.64. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was 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 approximately $2,798,522.81. The trade was a 10.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,127 shares of company stock worth $2,128,062. Company insiders own 1.72% of the company's stock.

Brinker International Stock Down 1.2%

NYSE:EAT traded down $2.05 during trading hours on Tuesday, hitting $171.37. 1,156,553 shares of the stock traded hands, compared to its average volume of 1,483,271. The firm has a 50 day moving average price of $163.46 and a 200 day moving average price of $154.93. 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 fifty-two week low of $56.27 and a fifty-two week high of $192.22. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.45 and a beta of 1.70.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 6.50% and a return on equity of 333.03%. Brinker International's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Equities research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on EAT. Barclays decreased 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 decreased 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. JPMorgan Chase & Co. raised 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. Citigroup reduced 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 report on Thursday, April 10th. 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 report on Monday, June 23rd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $144.75.

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.