Choreo LLC Makes New Investment in Brinker International, Inc. (NYSE:EAT)

Choreo LLC bought a new position in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, Holdings Channel reports. The firm bought 2,915 shares of the restaurant operator’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EAT. Victory Capital Management Inc. lifted its stake in Brinker International by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock worth $748,000 after acquiring an additional 230 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Brinker International by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 632,484 shares of the restaurant operator’s stock valued at $27,311,000 after purchasing an additional 53,657 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Brinker International in the 4th quarter worth approximately $232,000. Dimensional Fund Advisors LP boosted its stake in shares of Brinker International by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after purchasing an additional 4,294 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Brinker International by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 235 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EAT. Stifel Nicolaus upped their target price on Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. BMO Capital Markets dropped their price objective on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Evercore ISI raised their price objective on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, August 15th. Bank of America raised their price objective on Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley raised their price objective on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.85.

Brinker International Trading Up 4.9 %

Brinker International stock opened at $77.70 on Friday. The stock has a 50-day moving average of $67.55 and a two-hundred day moving average of $61.39. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International, Inc. has a one year low of $28.23 and a one year high of $77.80. The stock has a market cap of $3.46 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52.

Brinker International (NYSE:EAT) last released its quarterly 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). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Brinker International, Inc. will post 4.64 EPS for the current fiscal year.

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.