Wolff Wiese Magana LLC Has $26,000 Holdings in Brinker International, Inc. (NYSE:EAT)

Wolff Wiese Magana LLC grew its position in Brinker International, Inc. (NYSE:EAT) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200 shares of the restaurant operator’s stock after acquiring an additional 100 shares during the period. Wolff Wiese Magana LLC’s holdings in Brinker International were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EAT. GAMMA Investing LLC lifted its holdings in 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 buying an additional 171 shares during the period. Quest Partners LLC grew its holdings in shares of Brinker International by 1,265.2% in the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock valued at $136,000 after acquiring an additional 1,746 shares in the last quarter. Xponance Inc. acquired a new position in shares of Brinker International during the 2nd quarter worth approximately $202,000. Burford Brothers Inc. bought a new stake in Brinker International during the third quarter worth $203,000. Finally, Mackenzie Financial Corp acquired a new stake in Brinker International in the 2nd quarter valued at about $204,000.

Insider Buying and Selling

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at $2,376,774.42. The trade was a 13.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Stock Performance

Shares of EAT stock opened at $146.65 on Wednesday. Brinker International, Inc. has a 12 month low of $37.25 and a 12 month high of $146.99. The firm has a market capitalization of $6.52 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 1.46 and a beta of 2.52. The firm has a fifty day simple moving average of $128.88 and a two-hundred day simple moving average of $93.93. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. Analysts forecast that Brinker International, Inc. will post 5.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EAT shares. KeyCorp raised their target price on shares of Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Citigroup lifted their price target on shares of Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Bank Of America (Bofa) increased their price target on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. UBS Group lifted their price objective on Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets lowered shares of Brinker International from an “outperform” rating to a “market perform” rating and raised their target price for the company from $80.00 to $105.00 in a report on Thursday, October 31st. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $105.28.

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.