Longboard Asset Management LP Acquires Shares of 1,655 Brinker International, Inc. (NYSE:EAT)

Longboard Asset Management LP acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,655 shares of the restaurant operator’s stock, valued at approximately $219,000.

Several other large investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC lifted its stake in shares of 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 buying an additional 100 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in Brinker International by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock worth $920,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC lifted its holdings in Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. Optimist Retirement Group LLC lifted its stake in shares of Brinker International by 6.1% in the 3rd quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator’s stock valued at $249,000 after purchasing an additional 187 shares during the last quarter. Finally, Nilsine Partners LLC boosted its stake in Brinker International by 13.1% during the fourth quarter. Nilsine Partners LLC now owns 2,966 shares of the restaurant operator’s stock worth $392,000 after buying an additional 344 shares during the period.

Brinker International Price Performance

Shares of NYSE EAT opened at $189.03 on Tuesday. The stock has a fifty day moving average price of $140.46 and a 200 day moving average price of $103.44. Brinker International, Inc. has a 1-year low of $42.99 and a 1-year high of $190.37. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The company has a market cap of $8.39 billion, a PE ratio of 32.76, a P/E/G ratio of 0.58 and a beta of 2.54.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. Sell-side analysts forecast that Brinker International, Inc. will post 8.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EAT. UBS Group lifted their price objective on Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. KeyCorp downgraded shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target for the company. in a research note on Friday, January 24th. StockNews.com raised shares of Brinker International from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Finally, Bank Of America (Bofa) increased their target price on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.