Cetera Advisors LLC acquired a new position in Brinker International, Inc. (NYSE:EAT – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,375 shares of the restaurant operator’s stock valued at approximately $714,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their holdings of EAT. Transcendent Capital Group LLC acquired a new position in Brinker International in the first quarter valued at $25,000. TFO Wealth Partners LLC increased its position in Brinker International by 64,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 648 shares during the same period. Parkside Financial Bank & Trust increased its position in Brinker International by 3,611.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 650 shares during the same period. Headlands Technologies LLC acquired a new position in Brinker International in the first quarter valued at $47,000. Finally, Hollencrest Capital Management bought a new position in shares of Brinker International during the first quarter worth $50,000.
Brinker International shares rise by 1.2%
EAT stock opened at $66.64 on Friday. Brinker International, Inc. has a twelve month low of $28.23 and a twelve month high of $76.02. The stock has a market cap of $2.96 billion, a P/E ratio of 19.77, a PEG ratio of 0.63 and a beta of 2.52. The company’s 50-day average price is $67.69 and its 200-day average price is $56.35.
Insider activity
In other news, SVP Daniel S. Fuller sold 3,611 shares of Brinker International stock in a transaction that occurred on Thursday, May 30. The shares were sold at an average price of $69.04, for a total transaction of $249,303.44. Following the transaction, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at approximately $2,400,106.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Joseph G. Taylor sold 40,050 shares of the company’s stock in a transaction that occurred on Monday, May 13. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the transaction, the chief financial officer now directly owns 66,286 shares of the company’s stock, valued at approximately $4,006,988.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. Also, SVP Daniel S. Fuller sold 3,611 shares of the company’s stock in a transaction that occurred on Thursday, May 30. The shares were sold at an average price of $69.04, for a total value of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at $2,400,106.56. The disclosure regarding this sale can be found here. Insiders have sold a total of 57,714 shares of the company’s stock in the last ninety days, valued at $3,637,623. Company insiders own 1.50% of the company’s stock.
Wall Street analysts predict growth
Several equities analysts have recently commented on the company. Bank of America increased their price target on Brinker International from $51.00 to $58.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. Jefferies Financial Group increased their price target on Brinker International from $47.00 to $48.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI increased their price target on Brinker International from $53.00 to $65.00 and gave the company an “in-line” rating in a report on Wednesday, May 22nd. Finally, UBS Group raised their price target on Brinker International from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24. Two equities analysts have rated the stock with a sell rating, nine have given a hold rating, and six have given a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.34.
Get our latest analysis on EAT
About Brinker International
(Free report)
Brinker International, Inc., together with its subsidiaries, owns, develops, operates and franchises casual dining restaurants in the United States and internationally. The company operates and franchises the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands.
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