Creative Planning Acquires 4,723 Shares of Brinker International, Inc. (NYSE:EAT)

Creative Planning grew its holdings in Brinker International, Inc. (NYSE:EAT) by 49.3% during the 2nd quarter, Holdings Channel reports. The firm owned 14,310 shares of the restaurant operator’s stock after purchasing an additional 4,723 shares during the period. Creative Planning’s holdings in Brinker International were worth $1,036,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Brinker International by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after acquiring an additional 169 shares during the period. CWM LLC raised its position 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 acquiring an additional 204 shares during the period. Arizona State Retirement System raised its position in shares of Brinker International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock valued at $896,000 after acquiring an additional 234 shares during the period. Signaturefd LLC raised its position in shares of Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 246 shares during the period. Finally, Transcendent Capital Group LLC acquired a new stake in Brinker International during the 1st quarter worth approximately $25,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EAT shares. Citigroup upped their target price on shares of Brinker International from $69.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley increased their price objective on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. Evercore ISI boosted their target price on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, August 15th. Raymond James downgraded Brinker International from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $62.00 to $82.50 in a research report on Monday, July 8th. Finally, Argus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $66.26.

Brinker International Stock Down 0.6 %

Brinker International stock opened at $82.50 on Friday. Brinker International, Inc. has a 1-year low of $29.65 and a 1-year high of $84.76. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.27 and a beta of 2.51. The firm’s fifty day moving average price is $72.09 and its two-hundred day moving average price is $64.82. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96.

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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, equities research analysts predict that Brinker International, Inc. will post 4.64 earnings per share for the current fiscal year.

Brinker International 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.