Deltec Asset Management LLC Invests $294,000 in Brinker International, Inc. (NYSE:EAT)

Deltec Asset Management LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,000 shares of the restaurant operator’s stock, valued at approximately $294,000.

Other large investors have also recently made changes to their positions in the company. DG Capital Management LLC grew its holdings in shares of Brinker International by 27.0% during the 2nd quarter. DG Capital Management LLC now owns 258,559 shares of the restaurant operator’s stock worth $15,992,000 after purchasing an additional 55,000 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Brinker International by 11.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 593,830 shares of the restaurant operator’s stock worth $36,728,000 after purchasing an additional 58,641 shares in the last quarter. Man Group plc acquired a new stake in shares of Brinker International during the 2nd quarter worth approximately $3,313,000. Bridgewater Associates LP acquired a new stake in shares of Brinker International during the 2nd quarter worth approximately $1,086,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Brinker International by 2.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 31,652 shares of the restaurant operator’s stock worth $1,957,000 after purchasing an additional 877 shares in the last quarter. 96.66% of the stock is currently owned by institutional investors.

In related news, COO Douglas N. Comings sold 2,000 shares of Brinker International stock in a transaction on Friday, November 12th. The stock was sold at an average price of $43.06, for a total transaction of $86,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Wyman Roberts sold 6,250 shares of Brinker International stock in a transaction on Friday, September 24th. The stock was sold at an average price of $52.93, for a total value of $330,812.50. The disclosure for this sale can be found here. Insiders own 4.21% of the company’s stock.

EAT stock opened at $38.29 on Thursday. The company has a market cap of $1.74 billion, a P/E ratio of 13.44 and a beta of 2.62. Brinker International, Inc. has a twelve month low of $37.59 and a twelve month high of $78.33. The business has a fifty day moving average of $45.99 and a 200-day moving average of $53.33.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, November 3rd. The restaurant operator reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $859.60 million during the quarter, compared to the consensus estimate of $925.88 million. Brinker International had a negative return on equity of 40.62% and a net margin of 3.86%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts predict that Brinker International, Inc. will post 3.64 EPS for the current year.

EAT has been the subject of several analyst reports. Stephens cut their target price on Brinker International from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 21st. Raymond James cut their target price on Brinker International from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 4th. Morgan Stanley cut their target price on Brinker International from $64.00 to $51.00 and set an “equal weight” rating for the company in a research report on Thursday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price on Brinker International from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, October 22nd. Finally, JPMorgan Chase & Co. cut their target price on Brinker International from $75.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, August 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Brinker International has an average rating of “Buy” and a consensus target price of $59.25.

About Brinker International

Brinker International, Inc engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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