Horrell Capital Management Inc. Purchases 76 Shares of Brinker International, Inc. (NYSE:EAT)

Horrell Capital Management Inc. boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,657 shares of the restaurant operator’s stock after acquiring an additional 76 shares during the period. Horrell Capital Management Inc.’s holdings in Brinker International were worth $3,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EAT. Wolff Wiese Magana LLC lifted its position in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 171 shares in the last quarter. R Squared Ltd acquired a new position in shares of Brinker International during the fourth quarter worth about $83,000. SBI Securities Co. Ltd. bought a new position in shares of Brinker International during the fourth quarter worth about $126,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Brinker International during the fourth quarter worth about $146,000.

Brinker International Price Performance

Shares of EAT opened at $144.93 on Monday. The company’s 50-day moving average is $155.57 and its 200-day moving average is $124.53. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The firm has a market capitalization of $6.44 billion, a PE ratio of 25.12, a PEG ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.22.

Brinker International (NYSE:EAT) last released its quarterly earnings results 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 net margin of 5.45% and a return on equity of 879.47%. Equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Activity at Brinker International

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on EAT shares. The Goldman Sachs Group upped their price target on Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Northcoast Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Thursday, January 30th. Wedbush lifted their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company raised their price objective on Brinker International from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brinker International has a consensus 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.