Brinker International, Inc. $EAT Shares Newly Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,245 shares of the restaurant operator’s stock, valued at approximately $822,000.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Brinker International in the 3rd quarter worth approximately $28,000. Kilter Group LLC acquired a new position in shares of Brinker International during the second quarter valued at approximately $35,000. CoreCap Advisors LLC increased its stake in shares of Brinker International by 33,000.0% during the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 330 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Brinker International during the second quarter valued at approximately $71,000. Finally, Parkside Financial Bank & Trust raised its holdings in Brinker International by 881.2% during the second quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 423 shares in the last quarter.

Brinker International Stock Performance

Shares of EAT opened at $200.37 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.29. The firm’s 50 day moving average is $204.29 and its 200-day moving average is $176.36. Brinker International, Inc. has a 12-month low of $105.51 and a 12-month high of $254.99. The stock has a market capitalization of $8.32 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.98 and a beta of 1.37.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 EPS for the quarter, beating the consensus estimate of $2.45 by $0.32. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Brinker International had a net margin of 8.44% and a return on equity of 125.65%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.17 earnings per share. Equities research analysts anticipate that Brinker International, Inc. will post 13.70 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Freedom Broker upgraded Brinker International to a “strong-buy” rating in a research report on Friday, September 18th. UBS Group lifted their price target on Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Jefferies Financial Group upgraded Brinker International from a “hold” rating to a “buy” rating and lifted their price target for the company from $230.00 to $255.00 in a research report on Wednesday, October 14th. Bank of America boosted their price objective on Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Stephens restated an “overweight” rating and issued a $300.00 price objective on shares of Brinker International in a report on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

Insider Activity at Brinker International

In related news, EVP Michaela M. Ware sold 3,030 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $233.48, for a total value of $707,444.40. Following the completion of the transaction, the executive vice president owned 17,494 shares in the company, valued at $4,084,499.12. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph DePinto sold 25,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $230.39, for a total value of $5,759,750.00. Following the completion of the transaction, the director owned 77,812 shares of the company’s stock, valued at $17,927,106.68. This trade represents a 24.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 167,955 shares of company stock valued at $39,335,764 over the last ninety days. Company insiders own 1.18% of the company’s stock.

Brinker International Profile

Brinker International, Inc. is a casual-dining restaurant company based in Dallas, Texas. It owns, operates and franchises restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. Chili’s serves a broad menu of American and Tex-Mex-inspired dishes, including burgers, ribs and fajitas. Maggiano’s specializes in Italian-American cuisine, with dishes such as pasta and other classic entrées. The company traces its roots to 1975, when founder Norman Brinker opened the first Chili’s restaurant in Dallas.