Triumph Capital Management Makes New Investment in Brinker International, Inc. (NYSE:EAT)
Triumph Capital Management has acquired a new stake in Brinker International, Inc. (NYSE:EAT), purchasing 2,649 shares valued at approximately $350,000. Other investors, including Entropy Technologies LP and Principal Financial Group Inc., have also increased their positions in the company. Analyst ratings for Brinker International have varied, with some firms adjusting price targets. The stock opened at $134.32, with a market cap of $5.96 billion and a P/E ratio of 23.28. Brinker reported a quarterly EPS of $2.66, exceeding estimates.
Triumph Capital Management purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,649 shares of the restaurant operator's stock, valued at approximately $350,000.
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Several other large investors have also recently made changes to their positions in the stock. Entropy Technologies LP acquired a new stake in Brinker International in the 4th quarter valued at approximately $410,000. Principal Financial Group Inc. grew its stake in shares of Brinker International by 23.5% in 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 stake in shares of Brinker International in the 4th quarter valued at $661,000. Ifrah Financial Services Inc. purchased a new stake in shares of Brinker International in the 4th quarter valued at $280,000. Finally, LMG Wealth Partners LLC acquired a new position in Brinker International during the 4th quarter worth about $400,000.
Analyst Ratings Changes
EAT has been the topic of a number of research reports. KeyCorp cut shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target for the company. in a research report on Friday, January 24th. Wedbush lifted their price target on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Stifel Nicolaus increased their price objective on shares of Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Citigroup lowered their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, BMO Capital Markets raised their price target on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $141.14.
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View Our Latest Report on EAT
Insider Transactions at Brinker International
In other news, Director Cindy L. Davis sold 5,802 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value 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 $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 through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at $4,470,259.20. This represents a 21.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,802 shares of company stock worth $3,752,464. Company insiders own 1.72% of the company's stock.
Brinker International Price Performance
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Shares of NYSE:EAT opened at $134.32 on Thursday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 0.49 and a beta of 2.21. Brinker International, Inc. has a one year low of $53.02 and a one year high of $192.22. The company has a 50-day simple moving average of $147.70 and a 200-day simple moving average of $138.36. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.
Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping the consensus estimate of $2.48 by $0.18. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company's quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.
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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