Algert Global LLC Purchases 11,240 Shares of Brinker International, Inc. (NYSE:EAT)

Algert Global LLC raised its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 252.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,693 shares of the restaurant operator's stock after buying an additional 11,240 shares during the quarter. Algert Global LLC's holdings in Brinker International were worth $1,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in shares of Brinker International during the 1st quarter valued at approximately $714,000. Empowered Funds LLC bought a new stake in Brinker International during the 3rd quarter worth approximately $5,330,000. Intech Investment Management LLC grew its holdings in Brinker International by 399.9% during the 3rd quarter. Intech Investment Management LLC now owns 24,102 shares of the restaurant operator's stock worth $1,845,000 after acquiring an additional 19,281 shares during the last quarter. Boston Partners grew its holdings in Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator's stock worth $78,602,000 after acquiring an additional 1,106,046 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after acquiring an additional 51,927 shares during the last quarter.

Brinker International Stock Up 1.2 %

Shares of EAT stock traded up $1.58 on Friday, hitting $132.27. The stock had a trading volume of 558,837 shares, compared to its average volume of 1,439,801. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The business has a 50 day moving average of $99.82 and a 200 day moving average of $79.11. Brinker International, Inc. has a 12-month low of $35.60 and a 12-month high of $133.82. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.44 and a beta of 2.46.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. Brinker International's revenue was up 12.5% on a year-over-year basis. As a group, analysts expect that Brinker International, Inc. will post 5.52 EPS for the current year.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Brinker International from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Bank Of America (Bofa) boosted their target price on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. Evercore ISI boosted their price target on shares of Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 15th. Barclays boosted their price target on shares of Brinker International from $76.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, UBS Group boosted their price target on shares of Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $86.45.

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.