Callan Family Office LLC Takes Position in Brinker International, Inc. (NYSE:EAT)

Callan Family Office LLC acquired a new position in Brinker International, Inc. (NYSE:EAT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,436 shares of the restaurant operator’s stock, valued at approximately $1,645,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Brinker International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator’s stock valued at $76,413,000 after buying an additional 8,105 shares during the period. Fisher Asset Management LLC boosted its holdings in Brinker International by 4.3% in the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock valued at $52,900,000 after acquiring an additional 28,373 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Brinker International in the fourth quarter worth about $81,888,000. Wellington Management Group LLP raised its holdings in Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock worth $47,351,000 after purchasing an additional 219,836 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Brinker International by 2,612.4% during the 4th 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 last quarter.

Brinker International Trading Up 1.4 %

Shares of NYSE:EAT opened at $141.42 on Friday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.22. The company’s fifty day simple moving average is $154.61 and its 200 day simple moving average is $118.36. 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 (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. As a group, research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

EAT has been the subject of several analyst reports. BMO Capital Markets lifted their price target on shares of Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of Brinker International from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Citigroup increased their price target on Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Argus raised Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Tuesday, December 24th. Finally, Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $70.00 to $115.00 in a report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and a consensus price target of $140.18.

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the completion of the transaction, the chief operating officer now owns 26,752 shares in the company, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the sale, the director now directly owns 11,107 shares in the company, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is owned by insiders.

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.