Kestra Private Wealth Services LLC Grows Stock Position in Brinker International, Inc. (NYSE:EAT)

Kestra Private Wealth Services LLC boosted its stake in shares of Brinker International, Inc. (NYSE:EAT) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,248 shares of the restaurant operator’s stock after purchasing an additional 730 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Brinker International were worth $562,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vontobel Holding Ltd. purchased a new position in Brinker International in the third quarter valued at approximately $218,000. Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $8,720,000 after buying an additional 12,800 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Brinker International in the 3rd quarter valued at $18,330,000. Burford Brothers Inc. acquired a new stake in Brinker International during the 3rd quarter worth $203,000. Finally, NorthCrest Asset Manangement LLC lifted its position in Brinker International by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after acquiring an additional 135 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America raised their price target on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 27th. Morgan Stanley upgraded shares of Brinker International from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $70.00 to $115.00 in a research report on Friday, December 20th. Bank Of America (Bofa) raised their price objective on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, BMO Capital Markets upped their target price on shares of Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.18.

Brinker International Stock Down 1.0 %

Shares of NYSE EAT opened at $158.55 on Friday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.21. The firm has a 50-day moving average price of $147.88 and a 200 day moving average price of $109.86. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96.

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%. Equities research analysts anticipate that Brinker International, Inc. will post 8.36 EPS for the current fiscal year.

Insider Transactions at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at $4,470,259.20. The trade was a 21.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction 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 sale, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock valued at $3,752,464 in the last 90 days. 1.72% of the stock is currently owned by insiders.

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.