Future Financial Wealth Managment LLC Acquires New Stake in Brinker International, Inc. (NYSE:EAT)

Future Financial Wealth Managment LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,000 shares of the restaurant operator’s stock, valued at approximately $230,000.

Several other hedge funds have also recently added to or reduced their stakes in EAT. Transcendent Capital Group LLC acquired a new stake in shares of Brinker International in the 1st quarter worth $25,000. CWM LLC boosted its stake in Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Brinker International during the first quarter valued at about $47,000. Hollencrest Capital Management purchased a new stake in shares of Brinker International in the 1st quarter valued at approximately $50,000. Finally, Covestor Ltd lifted its holdings in shares of Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,300 shares during the last quarter.

Brinker International Trading Up 2.5 %

Shares of EAT stock opened at $84.52 on Wednesday. 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 stock has a 50-day simple moving average of $71.39 and a 200 day simple moving average of $64.56. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $84.76. The stock has a market capitalization of $3.76 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.27 and a beta of 2.51.

Brinker International (NYSE:EAT) last issued its quarterly earnings results 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). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $1.39 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect that Brinker International, Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets cut their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report 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 report on Tuesday, June 25th. 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. Citigroup lifted their price objective on shares of Brinker International from $69.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Bank of America increased their target price on shares of Brinker International from $58.00 to $63.00 and gave the stock an “underperform” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.68.

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.