4,199 Shares in Brinker International, Inc. (NYSE:EAT) Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,199 shares of the restaurant operator’s stock, valued at approximately $555,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its position in shares of Brinker International by 100.0% in the fourth 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 during the period. GAMMA Investing LLC boosted 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 during the period. R Squared Ltd bought a new stake in Brinker International in the 4th quarter valued at about $83,000. SBI Securities Co. Ltd. acquired a new position in shares of Brinker International during the 4th quarter worth approximately $126,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Brinker International during the fourth quarter worth approximately $146,000.

Insider Buying and Selling

In other news, Director Cindy L. Davis sold 5,802 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the transaction, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the sale, the chief operating officer now owns 26,752 shares of the company’s stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock valued at $3,752,464 over the last ninety days. 1.72% of the stock is owned by company insiders.

Brinker International Price Performance

EAT stock opened at $134.87 on Monday. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.22. The company has a market capitalization of $5.99 billion, a P/E ratio of 23.37, a PEG ratio of 0.49 and a beta of 2.20. The company has a fifty day moving average price of $156.17 and a 200-day moving average price of $130.06.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. As a group, equities analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on EAT shares. Barclays raised their target price on shares of Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Wedbush upped their target price on Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. UBS Group raised their target price on Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Citigroup boosted their price target on Brinker International from $166.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $140.18.

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.