Burford Brothers Inc. Takes $203,000 Position in Brinker International, Inc. (NYSE:EAT)

Burford Brothers Inc. acquired a new position in Brinker International, Inc. (NYSE:EAT) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,652 shares of the restaurant operator’s stock, valued at approximately $203,000.

A number of other large investors have also recently bought and sold shares of EAT. Transcendent Capital Group LLC bought a new position in Brinker International during the first quarter valued at about $25,000. CWM LLC increased its holdings in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Brinker International in the 1st quarter valued at approximately $47,000. Hollencrest Capital Management acquired a new stake in Brinker International in the 1st quarter worth approximately $50,000. Finally, Covestor Ltd boosted its position in Brinker International by 32,500.0% during the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,300 shares during the period.

Brinker International Stock Up 1.2 %

EAT opened at $94.91 on Friday. Brinker International, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $96.28. The company has a market capitalization of $4.22 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.35 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The firm’s fifty day moving average price is $77.96 and its two-hundred day moving average price is $68.07.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $1.39 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. On average, analysts anticipate that Brinker International, Inc. will post 4.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EAT shares. Argus lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. UBS Group lifted their target price on shares of Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley upped their price target on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Evercore ISI raised their price target on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research report on Tuesday, October 15th. Finally, Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.62.

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.