TFO Wealth Partners LLC Has $28,000 Stock Position in Brinker International, Inc. (NYSE:EAT)

TFO Wealth Partners LLC raised its position in shares of Brinker International, Inc. (NYSE:EATFree Report) by 64,800.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 649 shares of the restaurant operator’s stock after purchasing an additional 648 shares during the quarter. TFO Wealth Partners LLC’s holdings in Brinker International were worth $28,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC bought a new stake in shares of Brinker International in the 3rd quarter valued at $57,246,000. Boston Partners acquired a new position in Brinker International in the fourth quarter valued at $20,401,000. Norges Bank bought a new stake in Brinker International during the fourth quarter valued at $12,853,000. Franklin Resources Inc. grew its holdings in Brinker International by 24.6% during the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after acquiring an additional 296,785 shares during the period. Finally, Barclays PLC raised its position in shares of Brinker International by 411.7% in the 3rd quarter. Barclays PLC now owns 170,719 shares of the restaurant operator’s stock worth $5,394,000 after acquiring an additional 137,354 shares in the last quarter.

Brinker International Trading Down 0.7 %

NYSE EAT opened at $72.40 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 21.48, a PEG ratio of 0.87 and a beta of 2.48. The business has a fifty day simple moving average of $56.32 and a 200 day simple moving average of $47.45. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $73.58.

Brinker International (NYSE:EATGet Free Report) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Brinker International, Inc. will post 4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on EAT shares. Stifel Nicolaus upped their target price on Brinker International from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore ISI raised their price objective on shares of Brinker International from $53.00 to $65.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 22nd. BMO Capital Markets lifted their price objective on shares of Brinker International from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Jefferies Financial Group increased their target price on shares of Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley lifted their price target on shares of Brinker International from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.12.

View Our Latest Report on Brinker International

Insiders Place Their Bets

In other news, COO Douglas N. Comings sold 2,953 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $72.97, for a total value of $215,480.41. Following the completion of the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at $2,784,827.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Joseph G. Taylor sold 40,050 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the transaction, the chief financial officer now directly owns 66,286 shares of the company’s stock, valued at approximately $4,006,988.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Douglas N. Comings sold 2,953 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $72.97, for a total transaction of $215,480.41. Following the transaction, the chief operating officer now owns 38,164 shares of the company’s stock, valued at approximately $2,784,827.08. The disclosure for this sale can be found here. Insiders have sold a total of 57,714 shares of company stock valued at $3,637,623 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Brinker International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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