Twinbeech Capital LP Has $9.16 Million Stake in Brinker International, Inc. (NYSE:EAT)

Twinbeech Capital LP raised its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,201 shares of the restaurant operator's stock after buying an additional 10,844 shares during the quarter. Twinbeech Capital LP owned about 0.16% of Brinker International worth $9,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EAT. Atomi Financial Group Inc. acquired a new position in Brinker International during the fourth quarter valued at approximately $304,000. DGS Capital Management LLC acquired a new position in shares of Brinker International in the 4th quarter valued at $242,000. KBC Group NV increased its position in shares of Brinker International by 46.9% in the 4th quarter. KBC Group NV now owns 1,844 shares of the restaurant operator's stock valued at $244,000 after buying an additional 589 shares in the last quarter. Nilsine Partners LLC raised its stake in Brinker International by 13.1% during the 4th quarter. Nilsine Partners LLC now owns 2,966 shares of the restaurant operator's stock worth $392,000 after buying an additional 344 shares during the period. Finally, R Squared Ltd acquired a new stake in Brinker International during the 4th quarter worth $83,000.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have issued reports on EAT shares. Wells Fargo & Company decreased their target price on 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. BMO Capital Markets boosted their price objective 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. Stifel Nicolaus boosted their price objective on Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Northcoast Research upgraded Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Thursday, January 30th. Finally, Barclays decreased their price objective on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus price target of $141.14.

Brinker International Trading Down 1.8%

NYSE:EAT opened at $148.92 on Tuesday. Brinker International, Inc. has a twelve month low of $56.27 and a twelve month high of $192.22. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The business has a 50 day moving average price of $145.22 and a two-hundred day moving average price of $143.16. The company has a market cap of $6.62 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 0.49 and a beta of 1.66.

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

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.

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