DekaBank Deutsche Girozentrale Increases Stock Position in Brinker International, Inc. (NYSE:EAT)

DekaBank Deutsche Girozentrale boosted its position in Brinker International, Inc. (NYSE:EAT) by 248.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,379 shares of the restaurant operator’s stock after buying an additional 2,410 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Brinker International were worth $148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming purchased a new position in Brinker International in the 2nd quarter valued at $27,000. Advisors Asset Management Inc. purchased a new position in Brinker International in the 1st quarter valued at $32,000. Signaturefd LLC boosted its position in shares of Brinker International by 68.9% during the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 386 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Brinker International by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Brinker International during the 4th quarter worth $31,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Brinker International from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. StockNews.com lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Morgan Stanley boosted their target price on shares of Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. 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. Finally, Barclays lifted their price target on Brinker International from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.36.

Insider Buying and Selling at Brinker International

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

Brinker International Trading Down 2.7 %

NYSE:EAT opened at $44.06 on Thursday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.73 and a beta of 2.46. The company’s 50-day moving average is $46.84 and its two-hundred day moving average is $40.79. 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 earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. On average, equities research analysts forecast that Brinker International, Inc. will post 3.71 earnings per share for the current fiscal year.

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.