Proficio Capital Partners LLC Acquires New Stake in Brinker International, Inc. (NYSE:EAT)

Proficio Capital Partners 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 81,226 shares of the restaurant operator’s stock, valued at approximately $10,745,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC raised its stake in shares of Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 during the period. R Squared Ltd purchased a new stake in Brinker International in the fourth quarter worth about $83,000. Truist Financial Corp bought a new position in Brinker International during the 4th quarter worth about $206,000. Finally, Longboard Asset Management LP purchased a new position in Brinker International during the 4th quarter valued at about $219,000.

Brinker International Trading Up 5.8 %

Shares of NYSE:EAT opened at $164.58 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 12-month low of $43.37 and a 12-month high of $192.21. The business has a 50 day moving average of $153.51 and a two-hundred day moving average of $116.74. The company has a market capitalization of $7.31 billion, a PE ratio of 28.52, a PEG ratio of 0.49 and a beta of 2.54.

Brinker International (NYSE:EAT) last posted its 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 net margin of 5.45% and a return on equity of 879.47%. As a group, analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. BMO Capital Markets raised their target price on shares of Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Morgan Stanley raised Brinker International from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. The Goldman Sachs Group increased their price objective on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Piper Sandler boosted their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.18.

Insider Transactions at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction that occurred 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 sale, the director now directly owns 11,107 shares of the company’s stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock valued at $3,752,464 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

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.