Ifrah Financial Services Inc. Takes $280,000 Position in Brinker International, Inc. (NYSE:EAT)

Ifrah Financial Services Inc. bought a new position in Brinker International, Inc. (NYSE:EAT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,120 shares of the restaurant operator’s stock, valued at approximately $280,000.

A number of other large investors have also added to or reduced their stakes in the stock. Highview Capital Management LLC DE lifted its holdings in shares of Brinker International by 1.6% during the 4th quarter. Highview Capital Management LLC DE now owns 13,557 shares of the restaurant operator’s stock valued at $1,793,000 after buying an additional 218 shares during the period. Principal Financial Group Inc. lifted its holdings in Brinker International by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 287,456 shares of the restaurant operator’s stock valued at $38,028,000 after acquiring an additional 14,634 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Brinker International in the fourth quarter worth about $434,000. MADDEN SECURITIES Corp bought a new stake in shares of Brinker International during the 4th quarter valued at about $265,000. Finally, Savant Capital LLC increased its position in shares of Brinker International by 4.7% during the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator’s stock valued at $433,000 after purchasing an additional 147 shares during the last quarter.

Brinker International Price Performance

EAT stock opened at $158.55 on Tuesday. The company has a fifty day simple moving average of $148.60 and a two-hundred day simple moving average of $110.83. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.21. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The firm has a market capitalization of $7.04 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Analysts anticipate that Brinker International, Inc. will post 8.36 earnings per share for the current fiscal year.

Insider Activity

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were 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 $6,435,950.80. The trade was a 17.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 11,107 shares of the company’s stock, valued at $2,086,561.02. This trade represents a 34.31 % 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 currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on EAT. Wells Fargo & Company boosted their target price on shares of Brinker International from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Barclays upped their price objective on Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group boosted their price target on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Citigroup raised their price objective on Brinker International from $166.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $140.18.

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.