Quest Partners LLC Buys 1,746 Shares of Brinker International, Inc. (NYSE:EAT)

Quest Partners LLC grew its stake in shares of Brinker International, Inc. (NYSE:EAT) by 1,265.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,884 shares of the restaurant operator’s stock after acquiring an additional 1,746 shares during the quarter. Quest Partners LLC’s holdings in Brinker International were worth $136,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Brinker International during the 1st quarter valued at about $25,000. TFO Wealth Partners LLC increased its position in shares of Brinker International by 64,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 648 shares in the last quarter. CWM LLC raised its holdings in Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Headlands Technologies LLC purchased a new position in Brinker International in the 1st quarter worth approximately $47,000. Finally, Hollencrest Capital Management bought a new position in Brinker International in the 1st quarter valued at approximately $50,000.

Brinker International Stock Up 2.6 %

NYSE EAT opened at $72.23 on Tuesday. Brinker International, Inc. has a 52 week low of $28.23 and a 52 week high of $76.02. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. The company has a market capitalization of $3.25 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52. The stock’s 50-day moving average price is $67.20 and its 200-day moving average price is $61.10.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. Brinker International’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. On average, equities research analysts predict that Brinker International, Inc. will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent analyst reports. Evercore ISI boosted their price target on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a research note on Thursday, August 15th. Argus raised Brinker International from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, May 21st. Stifel Nicolaus raised their price target on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price objective on shares of Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Barclays raised their target price on shares of Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Brinker International currently has a consensus rating of “Hold” and a consensus target price of $61.85.

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.