Ameriprise Financial Inc. Has $34.10 Million Position in Brinker International, Inc. (NYSE:EAT)

Ameriprise Financial Inc. grew its holdings in Brinker International, Inc. (NYSE:EAT) by 121.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 257,735 shares of the restaurant operator’s stock after purchasing an additional 141,397 shares during the quarter. Ameriprise Financial Inc.’s holdings in Brinker International were worth $34,096,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in Brinker International in the fourth quarter worth $26,000. Wolff Wiese Magana LLC boosted its stake in Brinker International by 100.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its stake in Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 171 shares in the last quarter. Quarry LP bought a new stake in shares of Brinker International during the fourth quarter worth $48,000. Finally, R Squared Ltd bought a new stake in shares of Brinker International during the fourth quarter worth $83,000.

Brinker International Stock Up 6.1%

EAT stock opened at $145.39 on Tuesday. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The stock has a market capitalization of $6.46 billion, a P/E ratio of 25.20, a P/E/G ratio of 0.49 and a beta of 1.66. The business has a 50-day moving average of $144.40 and a 200-day moving average of $141.45. Brinker International, Inc. has a fifty-two week low of $56.27 and a fifty-two week high of $192.22.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Brinker International’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In related news, Director Ramona Hood sold 777 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the transaction, the director now directly owns 8,568 shares in the company, valued at approximately $1,158,650.64. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Douglas N. Comings sold 2,350 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $135.91, for a total transaction of $319,388.50. Following the completion of the transaction, the chief operating officer now owns 20,591 shares in the company, valued at $2,798,522.81. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

EAT has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. KeyCorp downgraded Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 target price for the company. in a research report on Friday, January 24th. BMO Capital Markets boosted their target price on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. The Goldman Sachs Group boosted their target price on Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Northcoast Research upgraded Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Thursday, January 30th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.14.

About Brinker International

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.