Integrated Quantitative Investments LLC Takes $1.32 Million Position in Brinker International, Inc. (NYSE:EAT)

Integrated Quantitative Investments LLC bought a new position in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the restaurant operator’s stock, valued at approximately $1,323,000.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position 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 worth $76,413,000 after purchasing an additional 8,105 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Brinker International in the 4th quarter worth approximately $81,888,000. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 219,836 shares in the last quarter. Assenagon Asset Management S.A. boosted 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 valued at $77,865,000 after acquiring an additional 566,894 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Brinker International by 1,145.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator’s stock valued at $55,038,000 after purchasing an additional 382,633 shares during the last quarter.

Insider Activity at Brinker International

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

Brinker International Price Performance

EAT stock opened at $138.78 on Friday. The firm has a market capitalization of $6.16 billion, a P/E ratio of 24.05, a P/E/G ratio of 0.49 and a beta of 2.20. The business’s 50-day moving average is $156.46 and its two-hundred day moving average is $128.85. Brinker International, Inc. has a 1 year low of $43.37 and a 1 year high of $192.22. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on EAT. Stifel Nicolaus increased their price objective on shares of Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 27th. StockNews.com raised shares of Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Argus raised Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Tuesday, December 24th. The Goldman Sachs Group upped their target price on Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on Brinker International from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $140.18.

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.