Caprock Group LLC Purchases New Stake in Brinker International, Inc. (NYSE:EAT)

Caprock Group LLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,347 shares of the restaurant operator’s stock, valued at approximately $310,000.

Other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its holdings in shares of Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 171 shares in the last quarter. R Squared Ltd purchased a new position in Brinker International in the fourth quarter valued at about $83,000. DGS Capital Management LLC acquired a new position in shares of Brinker International during the fourth quarter worth about $242,000. Finally, KBC Group NV boosted its position in shares of Brinker International by 46.9% in the fourth quarter. KBC Group NV now owns 1,844 shares of the restaurant operator’s stock worth $244,000 after buying an additional 589 shares during the period.

Insider Activity at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the transaction, the director now owns 11,107 shares in the company, valued at $2,086,561.02. The trade was a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

EAT has been the topic of several analyst reports. Barclays raised their target price on Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Wedbush lifted their price objective on shares of Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. The Goldman Sachs Group upped their target price on shares of Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $140.18.

Brinker International Price Performance

Shares of EAT opened at $182.21 on Friday. Brinker International, Inc. has a 52 week low of $42.99 and a 52 week high of $192.21. 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 $8.09 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 0.58 and a beta of 2.54. The stock has a 50 day moving average of $143.77 and a 200-day moving average of $105.41.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. As a group, analysts forecast that Brinker International, Inc. will post 8.33 EPS for the current 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.