Cape Cod Five Cents Savings Bank Acquires New Position in Brinker International, Inc. (NYSE:EAT)

Cape Cod Five Cents Savings Bank bought a new position in Brinker International, Inc. (NYSE:EAT) in the second quarter, according to its most recent filing with the SEC. The firm bought 2,900 shares of the restaurant operator’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of EAT. Vanguard Group Inc. increased its holdings in shares of Brinker International by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after purchasing an additional 135,580 shares during the period. Boston Partners boosted its position in Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after buying an additional 1,106,046 shares during the last quarter. Marshall Wace LLP increased its holdings in Brinker International by 13,850.1% in the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after buying an additional 1,049,836 shares during the period. Millennium Management LLC raised its position in Brinker International by 31.7% during the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after buying an additional 227,047 shares during the last quarter. Finally, Norges Bank acquired a new stake in Brinker International during the 4th quarter valued at approximately $12,853,000.

Brinker International Stock Down 1.6 %

Shares of NYSE EAT opened at $75.59 on Friday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.27 and a beta of 2.52. The company’s 50-day simple moving average is $69.19 and its 200-day simple moving average is $62.79. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. Brinker International, Inc. has a 52-week low of $28.23 and a 52-week high of $79.85.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts predict that Brinker International, Inc. will post 4.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Brinker International from $58.00 to $63.00 and gave the stock an “underperform” rating in a research note on Thursday, August 15th. Wedbush reiterated a “neutral” rating and set a $68.00 price objective on shares of Brinker International in a research note on Thursday, August 15th. Barclays upped their target price on Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. BMO Capital Markets reduced their price target 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, KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price objective on the stock 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.53.

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.