Beacon Harbor Wealth Advisors Inc. Purchases New Holdings in Brinker International, Inc. (NYSE:EAT)

Beacon Harbor Wealth Advisors Inc. purchased a new stake in Brinker International, Inc. (NYSE:EAT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 45,935 shares of the restaurant operator’s stock, valued at approximately $6,077,000. Beacon Harbor Wealth Advisors Inc. owned 0.10% of Brinker International as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its position in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC increased its position in Brinker International by 123.9% in 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 during the period. R Squared Ltd acquired a new position in Brinker International in the 4th quarter valued at about $83,000. SBI Securities Co. Ltd. acquired a new position in Brinker International in the 4th quarter valued at about $126,000. Finally, Smartleaf Asset Management LLC increased its position in Brinker International by 132.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,420 shares of the restaurant operator’s stock valued at $188,000 after acquiring an additional 809 shares during the period.

Insider Activity at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the transaction, the director now owns 11,107 shares of the company’s stock, valued at $2,086,561.02. This represents a 34.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at approximately $4,470,259.20. This represents a 21.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EAT. Citigroup boosted their price target on Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. The Goldman Sachs Group boosted their target price on Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. Argus upgraded Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Tuesday, December 24th. Finally, Barclays boosted their target price on Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $140.18.

Brinker International Price Performance

EAT stock opened at $150.30 on Thursday. Brinker International, Inc. has a 1 year low of $43.37 and a 1 year high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The stock’s 50 day moving average price is $154.30 and its 200 day moving average price is $117.99. The firm has a market cap of $6.67 billion, a P/E ratio of 26.05, a PEG ratio of 0.49 and a beta of 2.56.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (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, sell-side analysts expect 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.