Signaturefd LLC Reduces Holdings in Brinker International, Inc. (NYSE:EAT)

Signaturefd LLC reduced its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 34.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 623 shares of the restaurant operator’s stock after selling 323 shares during the period. Signaturefd LLC’s holdings in Brinker International were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Brinker International by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 487 shares during the last quarter. Bogart Wealth LLC boosted its stake 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 during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Brinker International by 6.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,155 shares of the restaurant operator’s stock worth $416,000 after purchasing an additional 800 shares during the last quarter. AdvisorShares Investments LLC boosted its stake in shares of 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Brinker International by 4.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,747 shares of the restaurant operator’s stock worth $853,000 after purchasing an additional 874 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on EAT. Wedbush raised their price target on shares of Brinker International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Morgan Stanley raised their price target on shares of Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their target price on shares of Brinker International from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets raised their target price on shares of Brinker International from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI raised their target price on shares of Brinker International from $50.00 to $53.00 and gave the stock an “in-line” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.06.

Brinker International Stock Up 1.2 %

Shares of EAT stock opened at $54.98 on Friday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $56.30. The firm’s 50 day moving average price is $47.81 and its two-hundred day moving average price is $42.16.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. Brinker International’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. On average, equities analysts forecast that Brinker International, Inc. will post 3.94 EPS for the current fiscal 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.