Navellier & Associates Inc. Buys Shares of 3,836 Brinker International, Inc. (NYSE:EAT)

Navellier & Associates Inc. bought a new stake in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,836 shares of the restaurant operator’s stock, valued at approximately $507,000.

A number of other hedge funds also recently added to or reduced their stakes in EAT. Wolff Wiese Magana LLC increased 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 valued at $26,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC increased its holdings in shares of Brinker International by 123.9% during the fourth 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 acquired a new position in shares of Brinker International during the fourth quarter valued at $83,000. Truist Financial Corp acquired a new position in shares of Brinker International during the fourth quarter valued at $206,000. Finally, Longboard Asset Management LP acquired a new position in shares of Brinker International during the fourth quarter valued at $219,000.

Analyst Upgrades and Downgrades

EAT has been the topic of a number of research analyst reports. Piper Sandler raised their price target on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wedbush raised their price target on Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Wells Fargo & Company lifted their target price on Brinker International from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Finally, StockNews.com raised Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.18.

Brinker International Trading Down 5.7 %

NYSE:EAT opened at $144.74 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.21. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.49 and a beta of 2.54. The stock has a fifty day simple moving average of $150.90 and a 200 day simple moving average of $113.54.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Sell-side analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the firm’s 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 approximately $6,435,950.80. This trade represents a 17.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $1,089,963.72. Following the sale, the director now owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is currently owned by company insiders.

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.