Brinker International, Inc. (NYSE:EAT) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Brinker International, Inc. (NYSE:EAT) by 15.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,554 shares of the restaurant operator’s stock after buying an additional 730 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brinker International were worth $735,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Horrell Capital Management Inc. lifted its stake in Brinker International by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator’s stock worth $3,526,000 after purchasing an additional 76 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings in Brinker International by 4.4% in the fourth quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator’s stock valued at $282,000 after acquiring an additional 89 shares during the last quarter. Savant Capital LLC lifted its holdings in Brinker International by 4.7% in the fourth quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator’s stock valued at $433,000 after acquiring an additional 147 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Brinker International by 3.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 148 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Brinker International by 1.4% in the fourth quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator’s stock valued at $1,718,000 after acquiring an additional 178 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Brinker International from $165.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Barclays decreased their price objective on Brinker International from $165.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup decreased their price objective on Brinker International from $185.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.14.

Brinker International Stock Down 3.0%

NYSE:EAT opened at $168.17 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The stock’s fifty day moving average is $150.92 and its two-hundred day moving average is $148.15. Brinker International, Inc. has a 52 week low of $56.27 and a 52 week high of $192.22. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 0.49 and a beta of 1.71.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.18. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’s revenue was up 27.2% on a year-over-year basis. Research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Transactions at Brinker International

In related news, COO Douglas N. Comings sold 2,350 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the transaction, the chief operating officer now owns 20,591 shares of the company’s stock, valued at $2,798,522.81. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the transaction, the director now directly owns 99,297 shares in the company, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,127 shares of company stock valued at $2,128,062. 1.72% of the stock is currently owned by company insiders.

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.