Northern Trust Corp Has $67.81 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Northern Trust Corp boosted its stake in shares of Brinker International, Inc. (NYSE:EAT) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 512,613 shares of the restaurant operator’s stock after buying an additional 47,378 shares during the period. Northern Trust Corp owned about 1.15% of Brinker International worth $67,814,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 100 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of Brinker International during the 4th quarter valued at $26,000. GAMMA Investing LLC grew its holdings in shares of Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares in the last quarter. Quarry LP acquired a new position in shares of Brinker International in the fourth quarter worth $48,000. Finally, R Squared Ltd purchased a new stake in shares of Brinker International during the fourth quarter worth $83,000.

Brinker International Stock Performance

NYSE EAT opened at $128.54 on Tuesday. Brinker International, Inc. has a twelve month low of $55.43 and a twelve month high of $192.22. 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 stock has a market cap of $5.71 billion, a P/E ratio of 22.28, a PEG ratio of 0.49 and a beta of 1.66. The company’s 50-day simple moving average is $146.16 and its 200 day simple moving average is $139.89.

Brinker International (NYSE:EAT) last issued its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.18. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Brinker International’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of Brinker International from $165.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. StockNews.com upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. BMO Capital Markets raised their target price on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Citigroup decreased their price target on Brinker International from $185.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group raised their price objective on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Brinker International has a consensus rating of “Hold” and an average price target of $141.14.

Insider Buying and Selling at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the sale, the chief operating officer now owns 26,752 shares in the company, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.72% 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.