5,747 Shares of Brinker International, Inc. $EAT Purchased by Virtue Capital Management LLC

Virtue Capital Management LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,747 shares of the restaurant operator’s stock, valued at approximately $1,112,000.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Brinker International in the 3rd quarter valued at about $28,000. Kilter Group LLC purchased a new stake in shares of Brinker International in the second quarter worth approximately $35,000. CoreCap Advisors LLC boosted its holdings in shares of Brinker International by 33,000.0% during the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 330 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Brinker International during the second quarter worth approximately $71,000. Finally, Parkside Financial Bank & Trust grew its position in Brinker International by 881.2% during the second quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 423 shares in the last quarter.

Brinker International Trading Down 0.6%

Brinker International stock opened at $210.86 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.40. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.20 and a beta of 1.25. Brinker International, Inc. has a one year low of $100.30 and a one year high of $254.99. The company’s fifty day moving average price is $208.75 and its two-hundred day moving average price is $174.81.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.32. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Brinker International had a return on equity of 125.65% and a net margin of 8.44%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $2.17 earnings per share. On average, analysts forecast that Brinker International, Inc. will post 13.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on EAT. BMO Capital Markets increased their target price on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Mizuho boosted their price target on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group raised shares of Brinker International from a “hold” rating to a “buy” rating and upped their price target for the stock from $230.00 to $255.00 in a research note on Wednesday, October 14th. Bank of America upped their price target on shares of Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, DA Davidson cut their price objective on Brinker International from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Brinker International has an average rating of “Moderate Buy” and an average price target of $249.80.

Insider Transactions at Brinker International

In related news, EVP Michaela Ware sold 3,030 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $233.48, for a total value of $707,444.40. Following the completion of the sale, the executive vice president directly owned 17,494 shares in the company, valued at approximately $4,084,499.12. The trade was a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel Fuller sold 1,909 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $253.54, for a total value of $484,007.86. Following the sale, the senior vice president directly owned 30,177 shares of the company’s stock, valued at $7,651,076.58. The trade was a 5.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 213,694 shares of company stock worth $50,383,890. 1.18% of the stock is currently owned by company insiders.

Brinker International Company Profile

Brinker International, Inc is a casual-dining restaurant company that owns, operates and franchises restaurants in the United States and select international markets. The company is headquartered in Dallas, Texas, and serves customers through company-operated and franchised locations.

Brinker’s principal brands are Chili’s Grill & Bar and Maggiano’s Little Italy. Chili’s offers a broad menu of burgers, steaks, ribs, fajitas, Tex-Mex dishes, salads and beverages in a full-service, casual setting.