MADDEN SECURITIES Corp Buys Shares of 2,000 Brinker International, Inc. (NYSE:EAT)

MADDEN SECURITIES Corp bought a new stake in Brinker International, Inc. (NYSE:EAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the restaurant operator’s stock, valued at approximately $265,000.

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in Brinker International by 27.6% in the second quarter. Cetera Investment Advisers now owns 22,925 shares of the restaurant operator’s stock valued at $1,660,000 after buying an additional 4,958 shares during the period. Ritholtz Wealth Management raised its position in shares of Brinker International by 16.1% during the 3rd quarter. Ritholtz Wealth Management now owns 8,258 shares of the restaurant operator’s stock valued at $632,000 after acquiring an additional 1,146 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Brinker International by 39.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 33,411 shares of the restaurant operator’s stock valued at $2,557,000 after acquiring an additional 9,474 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Brinker International in the 3rd quarter valued at $218,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Brinker International by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 113,946 shares of the restaurant operator’s stock worth $8,720,000 after purchasing an additional 12,800 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com upgraded Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Northcoast Research raised Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company increased their target price on shares of Brinker International from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Brinker International has a consensus rating of “Hold” and an average price target of $140.18.

Brinker International Stock Down 2.6 %

EAT stock opened at $167.66 on Tuesday. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The stock has a market capitalization of $7.45 billion, a P/E ratio of 29.06, a P/E/G ratio of 0.58 and a beta of 2.54. Brinker International, Inc. has a fifty-two week low of $42.99 and a fifty-two week high of $192.21. The business has a 50-day moving average of $145.32 and a 200-day moving average of $107.47.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. On average, sell-side analysts anticipate that Brinker International, Inc. will post 8.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Douglas N. Comings sold 7,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the sale, the chief operating officer now owns 34,252 shares in the company, valued at approximately $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the transaction, the director now owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by corporate insiders.

Brinker International 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.