Atomi Financial Group Inc. purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,299 shares of the restaurant operator's stock, valued at approximately $304,000.
Several other large investors have also recently added to or reduced their stakes in EAT. Wedge Capital Management L L P NC raised its holdings in shares of Brinker International by 1,145.2% during 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. Hennessy Advisors Inc. bought a new stake in shares of Brinker International during the 4th quarter valued at about $81,888,000. Ritholtz Wealth Management grew its position in shares of Brinker International by 64.5% during the 4th quarter. Ritholtz Wealth Management now owns 13,583 shares of the restaurant operator's stock valued at $1,797,000 after buying an additional 5,325 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 100 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings 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 acquiring an additional 566,894 shares during the last quarter.
In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.72% of the company's stock.
EAT stock opened at $149.63 on Friday. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The firm has a market capitalization of $6.65 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.56 and a beta of 2.52. Brinker International, Inc. has a 52-week low of $39.11 and a 52-week high of $155.13. The company's 50 day simple moving average is $134.65 and its 200-day simple moving average is $98.62.
Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities research analysts anticipate that Brinker International, Inc. will post 5.96 EPS for the current year.
A number of analysts have recently weighed in on EAT shares. Morgan Stanley upgraded Brinker International from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. BMO Capital Markets cut Brinker International from an "outperform" rating to a "market perform" rating and raised their target price for the company from $80.00 to $105.00 in a research note on Thursday, October 31st. Barclays upped their price target on shares of Brinker International from $143.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Friday. Stifel Nicolaus increased their price objective on shares of Brinker International from $120.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price for the company. in a research note on Friday. Sixteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.45.
View Our Latest Analysis on EAT
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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