468,134 Shares in Brinker International, Inc. (NYSE:EAT) Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 468,134 shares of the restaurant operator's stock, valued at approximately $61,929,000. Fuller & Thaler Asset Management Inc. owned about 1.05% of Brinker International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EAT. Price T Rowe Associates Inc. MD increased its position in shares of Brinker International by 3,277.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after purchasing an additional 958,101 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Brinker International in the fourth quarter worth $81,888,000. Assenagon Asset Management S.A. increased its stake in Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after purchasing an additional 566,894 shares during the period. Invesco Ltd. increased its stake in Brinker International by 14.6% in the fourth quarter. Invesco Ltd. now owns 489,723 shares of the restaurant operator's stock worth $64,785,000 after purchasing an additional 62,265 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in Brinker International by 1,145.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator's stock worth $55,038,000 after purchasing an additional 382,633 shares during the period.

Insider Transactions at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the sale, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the completion of the transaction, the chief operating officer now directly owns 34,252 shares in the company, valued at $6,435,950.80. The trade was a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,802 shares of company stock valued at $3,752,464. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EAT. Wells Fargo & Company reduced their target price on Brinker International from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. UBS Group increased their price objective on shares of Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. KeyCorp downgraded shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target on the stock. in a report on Friday, January 24th. Barclays decreased their price objective on Brinker International from $190.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Wedbush upped their price target on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $142.53.

Brinker International Stock Performance

NYSE:EAT traded down $23.98 during mid-day trading on Tuesday, hitting $136.69. The stock had a trading volume of 4,697,953 shares, compared to its average volume of 1,480,483. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 0.49 and a beta of 2.21. 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 company has a 50 day simple moving average of $148.25 and a 200-day simple moving average of $138.40. Brinker International, Inc. has a 52 week low of $48.37 and a 52 week high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.18. The company 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 5.45% and a return on equity of 879.47%. The company's revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. On average, research 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.