Fisher Asset Management LLC Purchases 28,373 Shares of Brinker International, Inc. (NYSE:EAT)

Fisher Asset Management LLC raised its position in shares of Brinker International, Inc. (NYSE:EAT) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,230 shares of the restaurant operator’s stock after acquiring an additional 28,373 shares during the period. Fisher Asset Management LLC owned approximately 1.56% of Brinker International worth $52,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. NorthCrest Asset Manangement LLC lifted its position in Brinker International by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after purchasing an additional 135 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after buying an additional 169 shares in the last quarter. CWM LLC lifted its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the last quarter. Arizona State Retirement System grew its position in Brinker International by 1.9% in the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after acquiring an additional 234 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 246 shares during the last quarter.

Brinker International Price Performance

Shares of EAT opened at $130.62 on Wednesday. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The company has a 50 day moving average price of $96.52 and a 200-day moving average price of $77.87. Brinker International, Inc. has a fifty-two week low of $34.77 and a fifty-two week high of $131.46. The stock has a market capitalization of $5.80 billion, a PE ratio of 31.86, a PEG ratio of 1.39 and a beta of 2.46.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. Brinker International’s revenue was up 12.5% on a year-over-year basis. Equities analysts predict that Brinker International, Inc. will post 5.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EAT. KeyCorp lifted their target price on Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Brinker International from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Barclays raised their target price on shares of Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Wedbush reiterated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Finally, Evercore ISI raised their price objective on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.45.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the sale, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.72% of the stock is owned by corporate insiders.

Brinker International Company Profile

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.