Mirae Asset Global Investments Co. Ltd. Purchases 874 Shares of Brinker International, Inc. (NYSE:EAT)

Mirae Asset Global Investments Co. Ltd. increased its stake in Brinker International, Inc. (NYSE:EAT) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,747 shares of the restaurant operator’s stock after purchasing an additional 874 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Brinker International were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Brinker International during the 3rd quarter worth approximately $691,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Brinker International in the 3rd quarter worth $296,000. Allspring Global Investments Holdings LLC boosted its stake in Brinker International by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 487 shares during the last quarter. Bogart Wealth LLC boosted its stake in Brinker International by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in Brinker International by 14.3% during the 3rd quarter. James Investment Research Inc. now owns 22,333 shares of the restaurant operator’s stock worth $705,000 after purchasing an additional 2,794 shares during the last quarter.

Brinker International Stock Up 4.0 %

Shares of NYSE:EAT opened at $48.04 on Wednesday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.73 and a beta of 2.46. The firm’s 50-day simple moving average is $46.95 and its 200-day simple moving average is $41.31. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $51.72.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, research analysts forecast that Brinker International, Inc. will post 3.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EAT. Morgan Stanley boosted their price target on shares of Brinker International from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Raymond James increased their target price on shares of Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. BMO Capital Markets raised their price objective on shares of Brinker International from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Stifel Nicolaus raised their price objective on shares of Brinker International from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, StockNews.com lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.80.

Insider Activity at Brinker International

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of Brinker International stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $44.97, for a total transaction of $1,086,610.11. Following the completion of the transaction, the chief financial officer now owns 56,661 shares in the company, valued at $2,548,045.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.