Signaturefd LLC Trims Stake in Brinker International, Inc. (NYSE:EAT)

Signaturefd LLC trimmed its stake in Brinker International, Inc. (NYSE:EAT) by 34.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623 shares of the restaurant operator’s stock after selling 323 shares during the period. Signaturefd LLC’s holdings in Brinker International were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EAT. SG Americas Securities LLC purchased a new stake in shares of Brinker International in the 3rd quarter worth $691,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Brinker International in the 3rd quarter worth $296,000. Allspring Global Investments Holdings LLC increased its stake in shares of Brinker International by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 487 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Brinker International by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Finally, James Investment Research Inc. boosted its holdings in Brinker International by 14.3% in the 3rd quarter. James Investment Research Inc. now owns 22,333 shares of the restaurant operator’s stock worth $705,000 after buying an additional 2,794 shares during the period.

Brinker International Trading Up 1.2 %

Shares of NYSE:EAT opened at $54.98 on Friday. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $56.30. The company has a 50-day moving average price of $47.81 and a 200 day moving average price of $42.16. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.84 and a beta of 2.42.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Brinker International, Inc. will post 3.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EAT shares. Stifel Nicolaus upped their target price on shares of Brinker International from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets upped their target price on shares of Brinker International from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Gordon Haskett raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, January 16th. Finally, Raymond James upped their target price on shares of Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.06.

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.