Wolff Wiese Magana LLC Raises Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Wolff Wiese Magana LLC increased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 100.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200 shares of the restaurant operator’s stock after acquiring an additional 100 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Brinker International were worth $26,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 171 shares during the period. Quest Partners LLC increased its holdings in Brinker International by 1,265.2% during the second quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock worth $136,000 after buying an additional 1,746 shares during the last quarter. Xponance Inc. bought a new stake in Brinker International in the second quarter worth about $202,000. Burford Brothers Inc. purchased a new position in Brinker International in the third quarter valued at about $203,000. Finally, Mackenzie Financial Corp bought a new position in shares of Brinker International during the 2nd quarter valued at approximately $204,000.

Analyst Ratings Changes

Several brokerages have commented on EAT. Bank Of America (Bofa) raised their price target on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. Argus raised Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Tuesday, December 24th. Citigroup upped their target price on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI lifted their price target on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research report on Tuesday, October 15th. Finally, Bank of America boosted their price target on shares of Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.28.

Insider Activity

In related news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. The trade was a 13.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.72% of the company’s stock.

Brinker International Price Performance

Shares of EAT stock opened at $146.65 on Wednesday. The business’s fifty day moving average is $128.88 and its 200 day moving average is $93.93. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 1.46 and a beta of 2.52. Brinker International, Inc. has a twelve month low of $37.25 and a twelve month high of $146.99.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business earned $0.28 EPS. Brinker International’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts expect that Brinker International, Inc. will post 5.43 EPS for the current fiscal year.

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.