4,821 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,821 shares of the restaurant operator’s stock, valued at approximately $349,000.

Other large investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in shares of Brinker International in the first quarter worth $25,000. TFO Wealth Partners LLC grew its holdings in shares of Brinker International by 64,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 648 shares during the last quarter. CWM LLC increased its position in Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Brinker International in the 1st quarter worth about $47,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Brinker International in the first quarter valued at approximately $50,000.

Brinker International Stock Performance

Shares of EAT opened at $75.62 on Friday. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The company’s fifty day moving average price is $69.19 and its 200 day moving average price is $62.69. The company has a market capitalization of $3.36 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.27 and a beta of 2.52. Brinker International, Inc. has a one year low of $28.23 and a one year high of $79.85.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $1.39 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts expect that Brinker International, Inc. will post 4.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price objective for the company in a research report on Thursday, August 15th. Raymond James cut shares of Brinker International from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $62.00 to $82.50 in a report on Monday, July 8th. BMO Capital Markets decreased their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Finally, Bank of America boosted their price objective on shares of Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $63.53.

Brinker International Company 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.