Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Brinker International, Inc. (NYSE:EAT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,842 shares of the restaurant operator's stock, valued at approximately $2,659,000.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Brinker International during the fourth quarter worth about $21,549,000. O Shaughnessy Asset Management LLC grew its holdings in Brinker International by 44.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,495 shares of the restaurant operator's stock worth $3,770,000 after acquiring an additional 8,796 shares during the period. Alliancebernstein L.P. grew its holdings in Brinker International by 8.1% during the fourth quarter. Alliancebernstein L.P. now owns 55,221 shares of the restaurant operator's stock worth $7,305,000 after acquiring an additional 4,119 shares during the period. Summit Financial LLC acquired a new stake in Brinker International in the fourth quarter valued at approximately $309,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in Brinker International in the fourth quarter valued at approximately $268,000.

Insider Buying and Selling

In other Brinker International news, Director Ramona Hood sold 777 shares of the company's stock in a transaction 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 transaction, the director owned 8,568 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the transaction, 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 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 over the last quarter. Corporate insiders own 1.72% of the company's stock.

Brinker International Stock Performance

Shares of EAT traded down $1.89 during mid-day trading on Friday, reaching $155.71. 1,455,976 shares of the company's stock traded hands, compared to its average volume of 1,497,705. The business's 50-day moving average price is $170.31 and its 200-day moving average price is $157.78. The stock has a market capitalization of $6.92 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 0.39 and a beta of 1.70. 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 12 month low of $56.27 and a 12 month high of $192.21.

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

Analyst Upgrades and Downgrades

EAT has been the topic of several research reports. Barclays raised their target price on Brinker International from $155.00 to $166.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Wells Fargo & Company raised their target price on Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Bank of America raised their target price on Brinker International from $185.00 to $186.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley raised their target price on Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Citigroup decreased their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Brinker International currently has an average rating of "Hold" and an average price target of $156.41.

About Brinker International

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.