New Age Alpha Advisors LLC Purchases New Holdings in Brinker International, Inc. (NYSE:EAT)

New Age Alpha Advisors LLC acquired a new position in Brinker International, Inc. (NYSE:EAT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 54,691 shares of the restaurant operator’s stock, valued at approximately $7,235,000. New Age Alpha Advisors LLC owned 0.12% of Brinker International as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. grew its holdings in shares of Brinker International by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator’s stock valued at $3,526,000 after acquiring an additional 76 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Savant Capital LLC grew its stake in Brinker International by 4.7% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its position in Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Brinker International by 1.4% during the 4th quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator’s stock worth $1,718,000 after purchasing an additional 178 shares in the last quarter.

Brinker International Price Performance

Brinker International stock opened at $154.46 on Friday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a 12-month low of $43.37 and a 12-month high of $192.22. 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 business’s 50-day simple moving average is $156.61 and its 200 day simple moving average is $126.13.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 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%. As a group, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Brinker International from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Stifel Nicolaus raised their target price on Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group increased their price objective on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Fourteen 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, the company has a consensus rating of “Hold” and an average target price of $140.18.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction on 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 transaction, the director now owns 11,107 shares in the company, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International 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 completion of the sale, the chief operating officer now owns 34,252 shares of the company’s stock, valued at $6,435,950.80. This trade represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock worth $3,752,464 over the last 90 days. Company 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.