Burney Co. Has $432,000 Stock Position in Brinker International, Inc. (NYSE:EAT)

Burney Co. lifted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,690 shares of the restaurant operator’s stock after purchasing an additional 720 shares during the quarter. Burney Co.’s holdings in Brinker International were worth $432,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Boston Partners acquired a new position in Brinker International in the 4th quarter valued at $20,401,000. Norges Bank acquired a new stake in Brinker International in the 4th quarter worth $12,853,000. Franklin Resources Inc. grew its position in Brinker International by 24.6% in the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after purchasing an additional 296,785 shares during the last quarter. AMJ Financial Wealth Management acquired a new stake in Brinker International in the 1st quarter worth $7,848,000. Finally, Vanguard Group Inc. grew 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 worth $275,004,000 after purchasing an additional 135,580 shares during the last quarter.

Brinker International Stock Down 6.8 %

NYSE EAT traded down $4.36 during trading on Friday, reaching $59.33. 2,186,470 shares of the stock traded hands, compared to its average volume of 1,722,912. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.63 and a beta of 2.52. The stock’s 50-day moving average price is $68.24 and its 200 day moving average price is $55.39. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $76.02.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 earnings per share. Analysts anticipate that Brinker International, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EAT shares. Wedbush raised their price target on shares of Brinker International from $56.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI raised their price objective on shares of Brinker International from $53.00 to $65.00 and gave the stock an “in-line” rating in a report on Wednesday, May 22nd. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, May 21st. Jefferies Financial Group raised their price objective on shares of Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their price objective on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.34.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Joseph G. Taylor sold 40,050 shares of Brinker International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the transaction, the chief financial officer now owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Brinker International news, CFO Joseph G. Taylor sold 40,050 shares of Brinker International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the transaction, the chief financial officer now owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Daniel S. Fuller sold 3,611 shares of Brinker International stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares in the company, valued at approximately $2,400,106.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,714 shares of company stock valued at $3,637,623. 1.50% of the stock is currently owned by corporate insiders.

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.