Advisory Resource Group Invests $221,000 in Brinker International, Inc. (NYSE:EAT)

Advisory Resource Group acquired a new stake in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,670 shares of the restaurant operator’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EAT. Cetera Investment Advisers lifted its stake in shares of Brinker International by 27.6% in the 2nd quarter. Cetera Investment Advisers now owns 22,925 shares of the restaurant operator’s stock valued at $1,660,000 after purchasing an additional 4,958 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Brinker International by 16.1% during the 3rd quarter. Ritholtz Wealth Management now owns 8,258 shares of the restaurant operator’s stock worth $632,000 after buying an additional 1,146 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Brinker International by 39.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 33,411 shares of the restaurant operator’s stock valued at $2,557,000 after acquiring an additional 9,474 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Brinker International in the third quarter worth $218,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Brinker International by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 113,946 shares of the restaurant operator’s stock valued at $8,720,000 after purchasing an additional 12,800 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $70.00 to $115.00 in a research note on Friday, December 20th. Evercore ISI boosted their target price on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 15th. Northcoast Research upgraded Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Piper Sandler upped their price objective on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Fourteen equities 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 Price Performance

EAT stock opened at $172.17 on Friday. The firm has a 50 day simple moving average of $144.57 and a two-hundred day simple moving average of $106.42. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The stock has a market cap of $7.65 billion, a PE ratio of 29.84, a P/E/G ratio of 0.58 and a beta of 2.54. Brinker International, Inc. has a one year low of $42.99 and a one year high of $192.21.

Brinker International (NYSE:EAT) last released its 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 return on equity of 879.47% and a net margin of 5.45%. On average, analysts predict that Brinker International, Inc. will post 8.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.72% of the stock is currently owned by corporate insiders.

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.