Cobblestone Capital Advisors LLC NY Purchases Shares of 1,700 Brinker International, Inc. (NYSE:EAT)

Cobblestone Capital Advisors LLC NY bought a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,700 shares of the restaurant operator’s stock, valued at approximately $225,000.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Brinker International by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator’s stock valued at $76,413,000 after acquiring an additional 8,105 shares during the period. Fisher Asset Management LLC grew its holdings in Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock valued at $52,900,000 after purchasing an additional 28,373 shares during the period. Hennessy Advisors Inc. bought a new stake in Brinker International during the fourth quarter valued at about $81,888,000. Wellington Management Group LLP grew its stake in shares of Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock valued at $47,351,000 after acquiring an additional 219,836 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Brinker International by 2,612.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock valued at $77,865,000 after acquiring an additional 566,894 shares during the period.

Analyst Ratings Changes

A number of equities analysts have weighed in on EAT shares. Citigroup upped their price target on shares of Brinker International from $166.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Piper Sandler upped their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Tuesday, December 24th. Wedbush upped their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, KeyCorp lowered Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price objective for the company. in a research note on Friday, January 24th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.18.

Insider Activity

In related news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,252 shares in the company, valued at $6,435,950.80. This trade represents a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock valued at $3,752,464 in the last ninety days. Insiders own 1.72% of the company’s stock.

Brinker International Price Performance

EAT stock opened at $164.58 on Friday. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.21. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The company has a fifty day simple moving average of $153.51 and a two-hundred day simple moving average of $116.37. The firm has a market capitalization of $7.31 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 0.49 and a beta of 2.54.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, beating 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%. Analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

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.