Brinker International, Inc. (NYSE:EAT) Shares Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE raised its position in Brinker International, Inc. (NYSE:EAT) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,557 shares of the restaurant operator’s stock after buying an additional 218 shares during the quarter. Highview Capital Management LLC DE’s holdings in Brinker International were worth $1,793,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Brinker International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator’s stock worth $76,413,000 after acquiring an additional 8,105 shares during the period. Fisher Asset Management LLC grew its holdings in Brinker International by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock valued at $52,900,000 after buying an additional 28,373 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Brinker International during the 4th quarter worth $81,888,000. Wellington Management Group LLP increased its position in shares of Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock worth $47,351,000 after acquiring an additional 219,836 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Brinker International by 2,612.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock valued at $77,865,000 after buying an additional 566,894 shares during the period.

Insider Buying and Selling at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of the business’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 transaction, the director now directly owns 11,107 shares of the company’s stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the transaction, the chief operating officer now owns 34,252 shares of the company’s stock, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is currently owned by company insiders.

Brinker International Trading Down 1.0 %

Shares of Brinker International stock opened at $158.55 on Monday. Brinker International, Inc. has a 1 year low of $43.37 and a 1 year high of $192.21. The company’s fifty day simple moving average is $147.88 and its 200-day simple moving average is $110.16. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 0.58 and a beta of 2.54. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Brinker International, Inc. will post 8.36 EPS for the current year.

Analysts Set New Price Targets

EAT has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. The Goldman Sachs Group lifted their target price on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of Brinker International from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Barclays lifted their price objective on shares of Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded Brinker International from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and an average price target of $140.18.

About Brinker International

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.