Alpha DNA Investment Management LLC Acquires Shares of 13,517 Brinker International, Inc. (NYSE:EAT)

Alpha DNA Investment Management LLC acquired a new stake in Brinker International, Inc. (NYSE:EATFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,517 shares of the restaurant operator’s stock, valued at approximately $584,000.

Several other institutional investors also recently modified their holdings of EAT. Cooper Creek Partners Management LLC acquired a new stake in shares of Brinker International during the 3rd quarter worth approximately $57,246,000. Boston Partners acquired a new stake in shares of Brinker International during the 4th quarter worth approximately $20,401,000. Norges Bank bought a new position in Brinker International during the 4th quarter worth approximately $12,853,000. Franklin Resources Inc. boosted its stake in Brinker International by 24.6% during the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after acquiring an additional 296,785 shares during the last quarter. Finally, Barclays PLC boosted its stake in Brinker International by 411.7% during the 3rd quarter. Barclays PLC now owns 170,719 shares of the restaurant operator’s stock worth $5,394,000 after acquiring an additional 137,354 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EAT. UBS Group lifted their price objective on shares of Brinker International from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on shares of Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley lifted their price objective on shares of Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, May 21st. Finally, BMO Capital Markets lifted their price objective on shares of Brinker International from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.12.

Read Our Latest Stock Report on EAT

Brinker International Stock Up 1.1 %

Shares of EAT stock traded up $0.80 during trading on Friday, reaching $70.63. The company’s stock had a trading volume of 1,522,996 shares, compared to its average volume of 1,275,918. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 0.86 and a beta of 2.42. Brinker International, Inc. has a one year low of $28.23 and a one year high of $70.69. The business has a fifty day moving average price of $54.39 and a 200-day moving average price of $46.53.

Brinker International (NYSE:EATGet Free Report) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. Research analysts anticipate that Brinker International, Inc. will post 3.97 EPS for the current year.

Insider Buying and Selling at Brinker International

In other news, SVP Daniel S. Fuller sold 3,611 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $69.04, for a total value of $249,303.44. Following the completion of the sale, the senior vice president now owns 34,764 shares of the company’s stock, valued at $2,400,106.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Joseph G. Taylor sold 40,050 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $60.45, for a total transaction of $2,421,022.50. Following the completion of the sale, the chief financial officer now owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel S. Fuller sold 3,611 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at approximately $2,400,106.56. The disclosure for this sale can be found here. Insiders have sold a total of 54,761 shares of company stock worth $3,422,143 over the last ninety days. Insiders own 1.50% of the company’s stock.

Brinker International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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