Lombard Odier Asset Management USA Corp Makes New $340,000 Investment in Brinker International, Inc. (NYSE:EAT)

Lombard Odier Asset Management USA Corp bought a new stake in Brinker International, Inc. (NYSE:EAT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,697 shares of the restaurant operator’s stock, valued at approximately $340,000.

Several other institutional investors also recently made changes to their positions in the stock. Boston Partners lifted its holdings in shares of Brinker International by 231.8% in the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after purchasing an additional 1,106,046 shares during the last quarter. Norges Bank bought a new stake in Brinker International in the fourth quarter valued at $12,853,000. Assenagon Asset Management S.A. grew its position in shares of Brinker International by 1,686.8% during the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock worth $13,969,000 after acquiring an additional 182,172 shares during the last quarter. AMJ Financial Wealth Management acquired a new stake in shares of Brinker International in the 1st quarter worth about $7,848,000. Finally, Vanguard Group Inc. lifted its position in Brinker International by 2.5% in the 1st 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 last quarter.

Brinker International Stock Performance

Shares of Brinker International stock opened at $77.81 on Tuesday. The stock has a market cap of $3.46 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $79.85. 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 business has a fifty day simple moving average of $68.34 and a 200-day simple moving average of $62.11.

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

Wall Street Analyst Weigh In

EAT has been the topic of several analyst reports. Bank of America raised their price target on shares of Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research note on Thursday, August 15th. Stifel Nicolaus raised their target price on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Wedbush reiterated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. 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 report on Thursday, August 15th. Finally, 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 report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $63.53.

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.