Radnor Capital Management LLC Takes Position in Brinker International, Inc. (NYSE:EAT)

Radnor Capital Management LLC bought a new stake in Brinker International, Inc. (NYSE:EAT) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,450 shares of the restaurant operator’s stock, valued at approximately $341,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Brinker International in the first quarter valued at approximately $25,000. CWM LLC raised its position in Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 204 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Brinker International during the 1st quarter worth $47,000. Covestor Ltd grew its position in Brinker International by 32,500.0% during the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Brinker International by 33.2% in the second 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.

Brinker International Price Performance

Brinker International stock opened at $110.73 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The firm’s 50-day simple moving average is $84.45 and its 200 day simple moving average is $71.82. Brinker International, Inc. has a 52 week low of $33.24 and a 52 week high of $119.42. The firm has a market capitalization of $4.92 billion, a PE ratio of 27.01, a P/E/G ratio of 1.19 and a beta of 2.46.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Brinker International, Inc. will post 5.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI raised their price target on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Morgan Stanley boosted 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. Barclays increased their price target on Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Bank Of America (Bofa) upped their price objective on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, Wedbush restated a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.45.

Insider Transactions at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares of the company’s stock, valued at $2,376,774.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.72% of the company’s stock.

Brinker International 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.