Ritholtz Wealth Management Purchases Shares of 7,112 Brinker International, Inc. (NYSE:EAT)

Ritholtz Wealth Management acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) in the second quarter, HoldingsChannel.com reports. The firm acquired 7,112 shares of the restaurant operator’s stock, valued at approximately $515,000.

Several other hedge funds also recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in Brinker International by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after acquiring an additional 169 shares in the last quarter. CWM LLC boosted its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 204 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Brinker International by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock valued at $748,000 after buying an additional 230 shares in the last quarter. 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 worth $89,000 after buying an additional 235 shares during the last quarter. Finally, Signaturefd LLC raised its position in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 246 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EAT. Wedbush reissued a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on Brinker International from $48.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets lowered their price target 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. Argus raised Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, May 21st. Finally, Bank of America boosted their target price on Brinker International from $58.00 to $63.00 and gave the stock an “underperform” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.85.

Brinker International Price Performance

Shares of Brinker International stock opened at $71.97 on Thursday. 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 stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.17 and a beta of 2.52. Brinker International, Inc. has a twelve month low of $28.23 and a twelve month high of $76.02. The company has a 50-day simple moving average of $67.37 and a two-hundred day simple moving average of $59.62.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). The business 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%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. Analysts forecast that Brinker International, Inc. will post 4.64 EPS for the current year.

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.