Alpha DNA Investment Management LLC Buys New Shares in Brinker International, Inc. (NYSE:EAT)
Alpha DNA Investment Management LLC acquired 3,779 shares of Brinker International, Inc. (NYSE:EAT) valued at approximately $500,000 during the 4th quarter, as reported in their recent 13F filing. Other institutional investors also increased their stakes in the company. Brinker International's stock opened at $153.28, with a 12-month range of $44.54 to $192.22. The company reported an EPS of $2.80, exceeding estimates, and analysts predict an EPS of 8.3 for the current year. Several analysts have adjusted their price targets for the stock, with a consensus rating of "Hold."
Alpha DNA Investment Management LLC purchased a new position in Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,779 shares of the restaurant operator's stock, valued at approximately $500,000.
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Several other institutional investors also recently modified their holdings of the stock. Entropy Technologies LP acquired a new stake in shares of Brinker International during the fourth quarter worth $410,000. Principal Financial Group Inc. lifted its stake in Brinker International by 23.5% during the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock valued at $20,879,000 after buying an additional 51,927 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of Brinker International in the fourth quarter worth approximately $661,000. Ifrah Financial Services Inc. acquired a new stake in shares of Brinker International during the fourth quarter valued at approximately $280,000. Finally, LMG Wealth Partners LLC purchased a new stake in shares of Brinker International in the 4th quarter valued at approximately $400,000.
Brinker International Trading Up 2.0 %
Shares of EAT stock opened at $153.28 on Friday. Brinker International, Inc. has a 12 month low of $44.54 and a 12 month high of $192.22. The company has a market cap of $6.81 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 0.49 and a beta of 2.21. 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 business's 50 day moving average is $149.03 and its two-hundred day moving average is $134.03.
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Brinker International (NYSE:EAT - Get Free Report) last announced its 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 net margin of 5.45% and a return on equity of 879.47%. Equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.
Insider Buying and Selling
In related news, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction 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 trade represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,802 shares of company stock valued at $3,752,464. Insiders own 1.72% of the company's stock.
Analysts Set New Price Targets
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Several analysts have issued reports on EAT shares. Wedbush boosted their target price on shares of Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Citigroup decreased their price objective on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Morgan Stanley upgraded Brinker International from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $70.00 to $115.00 in a report on Friday, December 20th. The Goldman Sachs Group raised their price target on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Brinker International presently has a consensus rating of "Hold" and an average target price of $144.47.
Check Out Our Latest Research Report on Brinker International
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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Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT - Free Report).
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