6,731 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in Brinker International, Inc. (NYSE:EAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,731 shares of the restaurant operator’s stock, valued at approximately $291,000.

A number of other large investors have also bought and sold shares of EAT. Cooper Creek Partners Management LLC purchased a new stake in Brinker International in the third quarter worth $57,246,000. Barclays PLC increased its position in Brinker International by 411.7% in the third quarter. Barclays PLC now owns 170,719 shares of the restaurant operator’s stock worth $5,394,000 after buying an additional 137,354 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Brinker International in the third quarter worth $2,852,000. Invesco Ltd. increased its position in Brinker International by 20.4% in the third quarter. Invesco Ltd. now owns 332,176 shares of the restaurant operator’s stock worth $10,493,000 after buying an additional 56,192 shares during the last quarter. Finally, FMR LLC increased its position in Brinker International by 0.8% in the third quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator’s stock worth $211,472,000 after buying an additional 54,628 shares during the last quarter.

Insiders Place Their Bets

In other news, CFO Joseph G. Taylor sold 24,163 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the sale, the chief financial officer now owns 56,661 shares of the company’s stock, valued at approximately $2,548,045.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Brinker International Stock Up 4.0 %

Shares of EAT stock opened at $48.04 on Wednesday. The business has a 50-day moving average price of $46.95 and a two-hundred day moving average price of $41.31. Brinker International, Inc. has a 12-month low of $28.23 and a 12-month high of $51.72. The firm has a market cap of $2.12 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.73 and a beta of 2.46.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. As a group, research analysts expect that Brinker International, Inc. will post 3.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EAT. Royal Bank of Canada raised their target price on Brinker International from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. Morgan Stanley lifted their price target on Brinker International from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Evercore ISI lifted their price target on Brinker International from $48.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, April 18th. Stifel Nicolaus lifted their price target on Brinker International from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Barclays lifted their price target on Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.80.

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.