Occudo Quantitative Strategies LP Invests $623,000 in Brinker International, Inc. (NYSE:EAT)

Occudo Quantitative Strategies LP acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,708 shares of the restaurant operator's stock, valued at approximately $623,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised 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 worth $130,615,000 after purchasing an additional 958,101 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Brinker International in the fourth quarter valued at $82,408,000. Hennessy Advisors Inc. purchased a new stake in Brinker International during the 4th quarter worth about $81,888,000. Assenagon Asset Management S.A. raised its stake in Brinker International by 2,612.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock valued at $77,865,000 after purchasing an additional 566,894 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Brinker International in the 4th quarter valued at about $61,929,000.

Insider Transactions at Brinker International

In other Brinker International news, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the transaction, the director now owns 8,568 shares of the company's stock, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the stock in a transaction on 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 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 owned by insiders.

Wall Street Analyst Weigh In

EAT has been the topic of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Stifel Nicolaus raised their price objective on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. BMO Capital Markets upped their target price on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. StockNews.com upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Finally, Barclays dropped their price objective 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. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $141.14.

Brinker International Trading Up 2.1%

Shares of Brinker International stock traded up $3.16 during trading on Friday, hitting $151.80. The stock had a trading volume of 1,110,293 shares, compared to its average volume of 1,492,867. The stock has a 50 day simple moving average of $145.15 and a 200 day simple moving average of $142.57. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 1 year low of $56.27 and a 1 year high of $192.22. The company has a market capitalization of $6.75 billion, a PE ratio of 26.31, a P/E/G ratio of 0.49 and a beta of 1.66.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The firm's quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. On average, research 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.