Brinker International, Inc. (NYSE:EAT) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Brinker International, Inc. (NYSE:EAT) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,747 shares of the restaurant operator’s stock after buying an additional 874 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Brinker International were worth $853,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EAT. Signaturefd LLC grew its holdings in Brinker International by 68.9% during the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 386 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Brinker International by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock worth $424,000 after acquiring an additional 487 shares during the period. Bogart Wealth LLC increased its position in Brinker International by 100.0% during the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 500 shares during the period. Nisa Investment Advisors LLC increased its holdings in Brinker International by 6.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,155 shares of the restaurant operator’s stock valued at $416,000 after buying an additional 800 shares during the period. Finally, AdvisorShares Investments LLC increased its holdings in Brinker International by 30.2% in the 3rd quarter. AdvisorShares Investments LLC now owns 3,501 shares of the restaurant operator’s stock valued at $111,000 after buying an additional 813 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 3rd. Jefferies Financial Group upped their price target on shares of Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. BMO Capital Markets boosted their price objective on Brinker International from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley boosted their price objective on Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada upped their price target on Brinker International from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.80.

Brinker International Stock Up 4.0 %

NYSE:EAT opened at $48.04 on Wednesday. Brinker International, Inc. has a twelve month low of $28.23 and a twelve month high of $51.72. The business has a 50 day moving average price of $46.95 and a two-hundred day moving average price of $41.31. The company has a market cap of $2.12 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.73 and a beta of 2.46.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.08 billion. As a group, analysts anticipate that Brinker International, Inc. will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joseph G. Taylor sold 24,163 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the sale, the chief financial officer now owns 56,661 shares of the company’s stock, valued at approximately $2,548,045.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.50% of the company’s stock.

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.