C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $434,000 Position in Brinker International, Inc. (NYSE:EAT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,279 shares of the restaurant operator’s stock, valued at approximately $434,000.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Brinker International by 0.8% in the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator’s stock valued at $76,413,000 after buying an additional 8,105 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock worth $52,900,000 after purchasing an additional 28,373 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Brinker International during the 4th quarter worth about $81,888,000. Wellington Management Group LLP raised its holdings in shares of Brinker International by 55.1% during the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock valued at $47,351,000 after acquiring an additional 219,836 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock valued at $77,865,000 after acquiring an additional 566,894 shares in the last quarter.

Brinker International Trading Down 2.2 %

Shares of Brinker International stock opened at $160.10 on Friday. Brinker International, Inc. has a 12-month low of $42.99 and a 12-month high of $192.21. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.58 and a beta of 2.54. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The company has a fifty day simple moving average of $147.31 and a 200-day simple moving average of $108.92.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (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%. On average, equities analysts forecast that Brinker International, Inc. will post 8.36 EPS for the current fiscal year.

Analyst Ratings Changes

EAT has been the topic of several recent research reports. StockNews.com raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Bank of America upped their target price on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group boosted their price target on shares of Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.18.

Insiders Place Their Bets

In other news, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the business’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 transaction, the chief operating officer now owns 34,252 shares in the company, valued at approximately $6,435,950.80. This trade represents a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,802 shares of company stock valued at $3,752,464. Insiders own 1.72% of the company’s stock.

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.