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Brinker International, Inc. (NYSE:EAT) Shares Acquired by Stratos Wealth Partners LTD.

Brinker International logo with Retail/Wholesale background

Stratos Wealth Partners LTD. lifted its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,159 shares of the restaurant operator's stock after purchasing an additional 1,756 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Brinker International were worth $2,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International in the fourth quarter worth $26,000. Farther Finance Advisors LLC lifted its stake in Brinker International by 575.0% during 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. purchased a new position in Brinker International in the 1st quarter worth about $30,000. Continuum Advisory LLC lifted its stake in Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after buying an additional 240 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Brinker International in the 4th quarter valued at about $48,000.

Brinker International Price Performance

EAT stock traded up $0.24 during trading on Monday, hitting $165.33. 1,169,434 shares of the company's stock traded hands, compared to its average volume of 1,468,033. The business has a fifty day simple moving average of $165.54 and a 200 day simple moving average of $155.71. 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 52 week low of $56.27 and a 52 week high of $192.22. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 0.43 and a beta of 1.70.

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

Analysts Set New Price Targets

Several brokerages have commented on EAT. Citigroup lowered their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price target 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 lifted their price target 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. Barclays cut their price target on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $150.41.

Check Out Our Latest Stock Report on Brinker International

Insider Activity at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the stock in a transaction dated 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. This trade represents a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the sale, the director owned 8,568 shares in the company, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,127 shares of company stock valued at $2,128,062 in the last ninety days. Company insiders own 1.72% of the company's stock.

Brinker International Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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