Shellback Capital LP Purchases Shares of 110,000 Brinker International, Inc. (NYSE:EAT)

Shellback Capital LP purchased a new stake in Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 110,000 shares of the restaurant operator’s stock, valued at approximately $7,963,000. Shellback Capital LP owned about 0.25% of Brinker International as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Brinker International by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after acquiring an additional 4,294 shares in the last quarter. Norges Bank bought a new position in Brinker International during the fourth quarter worth about $12,853,000. Quest Partners LLC acquired a new stake in Brinker International during the fourth quarter valued at approximately $87,000. TFO Wealth Partners LLC grew its stake in shares of Brinker International by 64,800.0% in the 4th 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 period. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Brinker International in the 4th quarter worth approximately $584,000.

Brinker International Stock Up 0.9 %

NYSE EAT opened at $76.77 on Friday. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International, Inc. has a 52 week low of $28.23 and a 52 week high of $79.85. The stock has a market capitalization of $3.42 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.27 and a beta of 2.52. The stock has a fifty day moving average of $69.01 and a 200-day moving average of $62.50.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Brinker International, Inc. will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on EAT shares. Wedbush reaffirmed a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price for the company in a research report on Thursday, August 15th. Stifel Nicolaus lifted their price target on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. BMO Capital Markets decreased their price objective on shares of Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Finally, Barclays boosted their target price on Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.