Occudo Quantitative Strategies LP Invests $623,000 in Brinker International, Inc. (NYSE:EAT)

Occudo Quantitative Strategies LP bought a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,708 shares of the restaurant operator’s stock, valued at approximately $623,000.

A number of other institutional investors also recently bought and sold shares of the stock. Entropy Technologies LP purchased a new position in shares of Brinker International during the 4th quarter worth approximately $410,000. Principal Financial Group Inc. boosted its position in shares of Brinker International by 23.5% during the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock valued at $20,879,000 after purchasing an additional 51,927 shares in the last quarter. Stephens Inc. AR purchased a new stake in Brinker International in the fourth quarter worth $661,000. Ifrah Financial Services Inc. bought a new position in Brinker International in the fourth quarter worth $280,000. Finally, LMG Wealth Partners LLC purchased a new position in Brinker International during the fourth quarter valued at $400,000.

Insider Activity

In other news, Director Ramona Hood sold 777 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the sale, the director now owns 8,568 shares of the company’s stock, valued at $1,158,650.64. This represents a 8.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Douglas N. Comings sold 2,350 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total transaction of $319,388.50. Following the completion of the transaction, the chief operating officer now owns 20,591 shares in the company, valued at $2,798,522.81. This trade represents a 10.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company’s stock.

Brinker International Price Performance

EAT opened at $150.12 on Thursday. The company’s 50-day simple moving average is $144.82 and its two-hundred day simple moving average is $141.58. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The stock has a market capitalization of $6.67 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a 52-week low of $56.27 and a 52-week high of $192.22.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.18. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EAT shares. StockNews.com upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price 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. Northcoast Research raised Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Thursday, January 30th. BMO Capital Markets upped their price target on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on Brinker International from $165.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and an average target price of $141.14.

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.