Brinker International, Inc. (NYSE:EAT) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Brinker International, Inc. (NYSE:EAT) by 122.4% in the fourth quarter, Holdings Channel reports. The fund owned 117,030 shares of the restaurant operator’s stock after purchasing an additional 64,415 shares during the period. Deutsche Bank AG’s holdings in Brinker International were worth $15,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EAT. Entropy Technologies LP purchased a new position in shares of Brinker International during the 4th quarter worth approximately $410,000. Principal Financial Group Inc. increased its position in Brinker International by 23.5% during the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock worth $20,879,000 after buying an additional 51,927 shares in the last quarter. Stephens Inc. AR purchased a new position in Brinker International during the fourth quarter worth $661,000. Ifrah Financial Services Inc. purchased a new stake in shares of Brinker International in the fourth quarter valued at $280,000. Finally, LMG Wealth Partners LLC purchased a new stake in shares of Brinker International in the fourth quarter valued at $400,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Wedbush boosted their price objective on Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. StockNews.com upgraded Brinker International from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. KeyCorp cut Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target on the stock. in a research note on Friday, January 24th. Finally, Stifel Nicolaus boosted their price objective on Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.14.

Brinker International Trading Down 1.6%

Brinker International stock opened at $148.48 on Friday. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.22. The company’s fifty day moving average price is $144.99 and its two-hundred day moving average price is $141.93.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In related news, Director Ramona Hood sold 777 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the sale, the director now owns 8,568 shares in the company, valued at approximately $1,158,650.64. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of the stock in a transaction dated 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 directly owns 20,591 shares of the company’s stock, 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. Corporate insiders own 1.72% of the company’s stock.

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.