Advisory Resource Group Buys Shares of 1,670 Brinker International, Inc. (NYSE:EAT)

Advisory Resource Group bought a new position in shares of Brinker International, Inc. (NYSE:EAT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,670 shares of the restaurant operator’s stock, valued at approximately $221,000.

A number of other hedge funds have also modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Brinker International during the fourth quarter worth $940,000. Choreo LLC lifted its holdings in Brinker International by 26.3% during the fourth quarter. Choreo LLC now owns 3,662 shares of the restaurant operator’s stock worth $484,000 after acquiring an additional 762 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Brinker International by 186.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,403 shares of the restaurant operator’s stock worth $1,641,000 after acquiring an additional 8,080 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Brinker International during the fourth quarter worth about $219,000. Finally, Caprock Group LLC bought a new position in shares of Brinker International during the 4th quarter valued at about $310,000.

Insider Buying and Selling

In other news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the transaction, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.72% of the stock is currently owned by company insiders.

Brinker International Stock Down 5.5 %

Shares of EAT opened at $172.17 on Friday. Brinker International, Inc. has a 52 week low of $42.99 and a 52 week high of $192.21. The firm has a market cap of $7.65 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54. The firm’s 50-day simple moving average is $144.57 and its 200 day simple moving average is $106.42. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. On average, analysts forecast that Brinker International, Inc. will post 8.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Bank Of America (Bofa) upped their target price on shares of Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Barclays lifted their price target on Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Northcoast Research raised Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Thursday, January 30th. Finally, Evercore ISI upped their price target on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 15th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.18.

Brinker International 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.