Seven Eight Capital LP Purchases 21,494 Shares of Brinker International, Inc. (NYSE:EAT)

Seven Eight Capital LP boosted its position in shares of Brinker International, Inc. (NYSE:EAT) by 257.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,843 shares of the restaurant operator’s stock after acquiring an additional 21,494 shares during the quarter. Seven Eight Capital LP owned 0.07% of Brinker International worth $2,160,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cetera Advisors LLC bought a new position in shares of Brinker International in the first quarter valued at about $714,000. Alpha DNA Investment Management LLC bought a new position in shares of Brinker International in the fourth quarter valued at about $584,000. Lazard Asset Management LLC raised its position in shares of Brinker International by 36.7% in the first quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock valued at $13,908,000 after purchasing an additional 75,225 shares during the period. Vanguard Group Inc. raised its position in shares of Brinker International by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after purchasing an additional 135,580 shares during the period. Finally, Lighthouse Investment Partners LLC raised its position in shares of Brinker International by 15.9% in the fourth quarter. Lighthouse Investment Partners LLC now owns 100,045 shares of the restaurant operator’s stock valued at $4,320,000 after purchasing an additional 13,733 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price target on the stock in a research note on Thursday, August 15th. BMO Capital Markets decreased their price target on shares of Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Finally, Evercore ISI upped their price target on shares of Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International presently has a consensus rating of “Hold” and an average price target of $61.85.

Brinker International Stock Down 1.5 %

EAT stock opened at $74.09 on Thursday. The stock has a market capitalization of $3.30 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $76.90. The firm has a 50-day moving average price of $67.38 and a 200-day moving average price of $61.30.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. As a group, equities research analysts anticipate that Brinker International, Inc. will post 4.64 EPS for the current fiscal year.

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.