39,656 Shares in Brinker International, Inc. (NYSE:EAT) Purchased by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 39,656 shares of the restaurant operator’s stock, valued at approximately $2,871,000. Divisadero Street Capital Management LP owned approximately 0.09% of Brinker International as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Brinker International by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after purchasing an additional 169 shares in the last quarter. CWM LLC boosted its holdings in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 204 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Brinker International by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock worth $748,000 after buying an additional 230 shares during the period. Arizona State Retirement System grew its position in shares of Brinker International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after buying an additional 234 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Brinker International by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 235 shares in the last quarter.

Brinker International Price Performance

NYSE EAT opened at $77.70 on Friday. The company has a 50-day moving average price of $67.55 and a 200-day moving average price of $61.39. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. The firm has a market capitalization of $3.46 billion, a P/E ratio of 23.06, a PEG ratio of 1.14 and a beta of 2.52. Brinker International, Inc. has a 52 week low of $28.23 and a 52 week high of $77.80.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The business 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 business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on EAT. KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price target on the stock in a research report on Thursday, August 15th. Barclays boosted their target price on Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Stifel Nicolaus raised their price target on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. BMO Capital Markets dropped 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, JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.85.

Brinker International Company 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.