2,000 Shares in Brinker International, Inc. (NYSE:EAT) Acquired by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the restaurant operator’s stock, valued at approximately $265,000.

A number of other institutional investors also recently modified their holdings of EAT. Cetera Investment Advisers grew its stake in Brinker International by 27.6% in the 2nd quarter. Cetera Investment Advisers now owns 22,925 shares of the restaurant operator’s stock valued at $1,660,000 after buying an additional 4,958 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Brinker International by 16.1% in the third quarter. Ritholtz Wealth Management now owns 8,258 shares of the restaurant operator’s stock valued at $632,000 after purchasing an additional 1,146 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of Brinker International by 39.6% in the third quarter. Wedge Capital Management L L P NC now owns 33,411 shares of the restaurant operator’s stock valued at $2,557,000 after purchasing an additional 9,474 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of Brinker International in the third quarter worth about $218,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Brinker International by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 113,946 shares of the restaurant operator’s stock worth $8,720,000 after purchasing an additional 12,800 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp lowered Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 target price on the stock. in a report on Friday, January 24th. Evercore ISI raised their price objective on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped 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 note on Thursday, January 30th. Barclays raised their price target on shares of Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Piper Sandler upped their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $140.18.

Brinker International Stock Down 2.6 %

Shares of NYSE EAT opened at $167.66 on Tuesday. Brinker International, Inc. has a 52-week low of $42.99 and a 52-week high of $192.21. 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 business has a fifty day moving average of $145.32 and a two-hundred day moving average of $107.47. The stock has a market cap of $7.45 billion, a PE ratio of 29.06, a PEG ratio of 0.58 and a beta of 2.54.

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

Insider Transactions at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the company’s stock in a transaction that occurred 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 directly owns 34,252 shares in the company, valued at approximately $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by company 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.