Navellier & Associates Inc. Takes Position in Brinker International, Inc. (NYSE:EAT)

Navellier & Associates Inc. purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,836 shares of the restaurant operator’s stock, valued at approximately $507,000.

Several other institutional investors have also made changes to their positions in EAT. Wolff Wiese Magana LLC raised its stake in shares of 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. R Squared Ltd bought a new position in shares of Brinker International in the 4th quarter valued at approximately $83,000. Truist Financial Corp bought a new position in shares of Brinker International in the 4th quarter valued at approximately $206,000. Finally, Longboard Asset Management LP bought a new position in shares of Brinker International in the 4th quarter valued at approximately $219,000.

Brinker International Stock Performance

EAT opened at $144.74 on Monday. The stock has a market cap of $6.43 billion, a PE ratio of 25.08, a P/E/G ratio of 0.49 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. Brinker International, Inc. has a 1 year low of $43.37 and a 1 year high of $192.21. The stock’s 50 day simple moving average is $150.90 and its 200-day simple moving average is $113.54.

Brinker International (NYSE:EAT) last released its quarterly earnings data 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%. Sell-side analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on EAT. StockNews.com raised Brinker International from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Piper Sandler raised 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. Northcoast Research raised 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. The Goldman Sachs Group lifted their price target on Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their price target on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brinker International has an average rating of “Hold” and an average price target of $140.18.

Insider Activity at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the business’s stock in a transaction 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 sale, the director now owns 11,107 shares of the company’s stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the completion of the sale, 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. Insiders have sold a total of 20,802 shares of company stock valued at $3,752,464 in the last 90 days. 1.72% of the stock is owned by corporate insiders.

Brinker International Company 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.