Twinbeech Capital LP Increases Holdings in Brinker International, Inc. (NYSE:EAT)

Twinbeech Capital LP lifted its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,201 shares of the restaurant operator's stock after purchasing an additional 10,844 shares during the quarter. Twinbeech Capital LP owned 0.16% of Brinker International worth $9,155,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP acquired a new position in shares of Brinker International during the fourth quarter worth approximately $1,336,000. ProShare Advisors LLC raised its position in shares of Brinker International by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 13,288 shares of the restaurant operator's stock worth $1,758,000 after purchasing an additional 4,083 shares during the period. Quantedge Capital Pte Ltd acquired a new position in shares of Brinker International during the fourth quarter worth approximately $265,000. Quantinno Capital Management LP acquired a new position in shares of Brinker International during the fourth quarter worth approximately $370,000. Finally, Man Group plc raised its position in shares of Brinker International by 293.6% during the fourth quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock worth $31,658,000 after purchasing an additional 178,503 shares during the period.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the sale, the chief operating officer now owns 20,591 shares of the company's stock, valued at $2,798,522.81. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ramona Hood sold 777 shares of the firm's 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 sale, the director now directly owns 8,568 shares in the company, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EAT has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group increased their price target on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Citigroup lowered their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets increased their price target on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Finally, Stifel Nicolaus increased their price target on Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Brinker International presently has an average rating of "Hold" and a consensus price target of $141.14.

Brinker International Stock Performance

Shares of EAT stock traded up $5.64 on Friday, hitting $154.64. 1,457,710 shares of the stock were exchanged, compared to its average volume of 1,493,404. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The firm has a market capitalization of $6.87 billion, a PE ratio of 26.80, a P/E/G ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.22. The firm's 50 day moving average is $146.20 and its two-hundred day moving average is $144.00.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping the consensus estimate of $2.48 by $0.18. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $1.24 EPS. The firm's revenue was up 27.2% compared to the same quarter last year. Sell-side analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

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.