Vontobel Holding Ltd. Acquires Shares of 2,850 Brinker International, Inc. (NYSE:EAT)

Vontobel Holding Ltd. bought a new position in Brinker International, Inc. (NYSE:EAT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,850 shares of the restaurant operator’s stock, valued at approximately $218,000.

Several other hedge funds also recently made changes to their positions in EAT. CWM LLC grew its holdings in Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Brinker International in the first quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of Brinker International in the first quarter worth about $47,000. Signaturefd LLC increased its holdings in Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares during the period. Finally, Hollencrest Capital Management bought a new position in Brinker International during the 1st quarter valued at approximately $50,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EAT. Morgan Stanley upped their target price on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. BMO Capital Markets decreased their price objective on shares of Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Wedbush reaffirmed a “neutral” rating and set a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Evercore ISI increased their price target on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. Finally, Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.62.

Brinker International Price Performance

Shares of NYSE EAT opened at $94.32 on Thursday. The company has a 50 day moving average of $76.21 and a 200 day moving average of $67.38. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. Brinker International, Inc. has a twelve month low of $31.95 and a twelve month high of $94.39. The firm has a market cap of $4.20 billion, a P/E ratio of 27.57, a PEG ratio of 1.35 and a beta of 2.51.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Brinker International’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Brinker International, Inc. will post 4.66 EPS for the current fiscal year.

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.