Savant Capital LLC Has $433,000 Stake in Brinker International, Inc. (NYSE:EAT)

Savant Capital LLC boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,274 shares of the restaurant operator’s stock after purchasing an additional 147 shares during the period. Savant Capital LLC’s holdings in Brinker International were worth $433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EAT. Vontobel Holding Ltd. acquired a new stake in Brinker International during the 3rd quarter valued at $218,000. Allspring Global Investments Holdings LLC increased its holdings in Brinker International by 12.7% during 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 purchasing an additional 12,800 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Brinker International during the 3rd quarter valued at $18,330,000. Burford Brothers Inc. acquired a new stake in Brinker International during the 3rd quarter valued at $203,000. Finally, NorthCrest Asset Manangement LLC boosted its position in Brinker International by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after buying an additional 135 shares during the last quarter.

Insiders Place Their Bets

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The stock was 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 of the company’s stock, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,252 shares in the company, valued at $6,435,950.80. This represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,802 shares of company stock worth $3,752,464. Corporate insiders own 1.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EAT shares. Bank Of America (Bofa) increased their price objective on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. UBS Group increased their price objective on Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Bank of America increased their price objective on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Wedbush increased their price objective on Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Brinker International has a consensus rating of “Hold” and an average target price of $140.18.

Brinker International Stock Performance

EAT stock opened at $158.55 on Monday. The business’s 50-day moving average price is $147.88 and its two-hundred day moving average price is $110.16. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The firm has a market cap of $7.04 billion, a PE ratio of 27.48, a P/E/G ratio of 0.58 and a beta of 2.54. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.21.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. As a group, research analysts forecast that Brinker International, Inc. will post 8.36 earnings per share for the current year.

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.