LMG Wealth Partners LLC Makes New $400,000 Investment in Brinker International, Inc. (NYSE:EAT)

LMG Wealth Partners LLC purchased a new position in Brinker International, Inc. (NYSE:EAT) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,027 shares of the restaurant operator’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC lifted its position in Brinker International by 100.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC boosted its stake in Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 171 shares in the last quarter. R Squared Ltd acquired a new position in Brinker International during the fourth quarter worth about $83,000. Truist Financial Corp bought a new stake in Brinker International in the fourth quarter worth about $206,000. Finally, Longboard Asset Management LP bought a new stake in Brinker International in the fourth quarter worth about $219,000.

Brinker International Trading Down 3.2 %

NYSE EAT opened at $161.64 on Thursday. The company has a market capitalization of $7.18 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 0.51 and a beta of 2.54. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.21. 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 firm’s fifty day simple moving average is $150.04 and its 200-day simple moving average is $111.94.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EAT shares. Wedbush boosted their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Stifel Nicolaus upped their price target on Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 27th. Bank Of America (Bofa) raised their price objective on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Argus raised Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Tuesday, December 24th. Finally, KeyCorp downgraded Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 target price for the company. in a report on Friday, January 24th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.18.

Insiders Place Their Bets

In other news, COO Douglas N. Comings sold 7,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the sale, the chief operating officer now owns 26,752 shares in the company, valued at approximately $4,470,259.20. This represents a 21.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 11,107 shares in the company, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock valued at $3,752,464 over the last ninety days. Corporate insiders own 1.72% of the company’s stock.

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.