Brinker International, Inc. (NYSE:EAT) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 3,611.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 668 shares of the restaurant operator’s stock after buying an additional 650 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Brinker International were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EAT. Signaturefd LLC grew its stake in shares of Brinker International by 68.9% during the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 386 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Brinker International in the third quarter worth $31,000. Bogart Wealth LLC raised its stake in shares of Brinker International by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 500 shares during the period. Covestor Ltd lifted its holdings in shares of Brinker International by 28,800.0% during the 3rd quarter. Covestor Ltd now owns 1,445 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,440 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its position in Brinker International by 30.2% during the 3rd quarter. AdvisorShares Investments LLC now owns 3,501 shares of the restaurant operator’s stock worth $111,000 after purchasing an additional 813 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on EAT. Wedbush boosted their price objective on Brinker International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James boosted their target price on shares of Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. BMO Capital Markets raised their price target on shares of Brinker International from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley boosted their price objective on shares of Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Finally, StockNews.com downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.81.

Insider Activity at Brinker International

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the transaction, the chief financial officer now directly owns 56,661 shares in the company, valued at $2,548,045.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Brinker International Price Performance

Shares of EAT opened at $48.83 on Friday. The stock has a fifty day moving average price of $47.17 and a 200 day moving average price of $41.61. The company has a market cap of $2.16 billion, a P/E ratio of 14.32, a PEG ratio of 0.78 and a beta of 2.46. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $51.72.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. As a group, research analysts anticipate that Brinker International, Inc. will post 3.71 earnings per share for the current year.

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.