Future Financial Wealth Managment LLC Invests $99,000 in Brinker International, Inc. (NYSE:EAT)

Future Financial Wealth Managment LLC purchased a new stake in Brinker International, Inc. (NYSE:EAT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the restaurant operator’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TFO Wealth Partners LLC raised its holdings in Brinker International by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 648 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Brinker International by 3,611.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 650 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Brinker International in the 3rd quarter valued at $31,000. Covestor Ltd increased its position in Brinker International by 28,800.0% during the 3rd quarter. Covestor Ltd now owns 1,445 shares of the restaurant operator’s stock worth $46,000 after buying an additional 1,440 shares during the period. Finally, Quest Partners LLC bought a new position in Brinker International during the 4th quarter worth $87,000.

Insider Buying and Selling at Brinker International

In related news, COO Douglas N. Comings sold 2,953 shares of Brinker International stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $72.97, for a total transaction of $215,480.41. Following the transaction, the chief operating officer now owns 38,164 shares of the company’s stock, valued at $2,784,827.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Daniel S. Fuller sold 3,611 shares of the 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 in the company, valued at $2,400,106.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Douglas N. Comings sold 2,953 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $72.97, for a total transaction of $215,480.41. Following the transaction, the chief operating officer now owns 38,164 shares in the company, valued at $2,784,827.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,714 shares of company stock worth $3,637,623. Insiders own 1.50% of the company’s stock.

Brinker International Price Performance

EAT stock opened at $74.42 on Friday. Brinker International, Inc. has a 1 year low of $28.23 and a 1 year high of $76.02. The stock has a market capitalization of $3.31 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.90 and a beta of 2.48. The company’s 50-day moving average is $63.13 and its 200-day moving average is $50.89.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. On average, analysts anticipate that Brinker International, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EAT. BMO Capital Markets upped their price target on shares of Brinker International from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, May 21st. UBS Group raised their target price on shares of Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Stifel Nicolaus increased their price target on shares of Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wedbush boosted their price objective on shares of Brinker International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

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.