Callan Family Office LLC Makes New $1.65 Million Investment in Brinker International, Inc. (NYSE:EAT)

Callan Family Office LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the fourth quarter, HoldingsChannel reports. The fund acquired 12,436 shares of the restaurant operator’s stock, valued at approximately $1,645,000.

Other institutional investors also recently modified their holdings of the company. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Brinker International in the 4th quarter valued at about $6,077,000. Raymond James Financial Inc. acquired a new stake in shares of Brinker International in the fourth quarter valued at approximately $6,507,000. Arizona State Retirement System boosted its stake in shares of Brinker International by 1.4% during the 4th quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator’s stock worth $1,718,000 after acquiring an additional 178 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Brinker International during the 4th quarter worth approximately $10,745,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Brinker International by 22.5% during the 4th quarter. Victory Capital Management Inc. now owns 19,983 shares of the restaurant operator’s stock worth $2,644,000 after acquiring an additional 3,675 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on EAT shares. Morgan Stanley raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. BMO Capital Markets lifted their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. KeyCorp lowered shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target on the stock. in a research note on Friday, January 24th. Stifel Nicolaus raised their price objective on shares of Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com raised 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.18.

Brinker International Trading Up 1.4 %

Shares of Brinker International stock opened at $141.42 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 12-month low of $43.37 and a 12-month high of $192.22. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 0.49 and a beta of 2.56. The firm’s 50-day moving average price is $154.61 and its two-hundred day moving average price is $118.36.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the completion of the transaction, the chief operating officer now owns 26,752 shares in the company, valued at approximately $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 have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is currently owned by corporate insiders.

Brinker International 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.