Blueshift Asset Management LLC Has $1.67 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Blueshift Asset Management LLC grew its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 158.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,774 shares of the restaurant operator's stock after acquiring an additional 13,347 shares during the quarter. Blueshift Asset Management LLC's holdings in Brinker International were worth $1,666,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC boosted its position in Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Signaturefd LLC boosted its position in Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator's stock worth $71,000 after acquiring an additional 246 shares during the last quarter. Quest Partners LLC boosted its position in Brinker International by 1,265.2% during the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator's stock worth $136,000 after acquiring an additional 1,746 shares during the last quarter. Fifth Third Bancorp boosted its position in Brinker International by 1,111.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator's stock worth $164,000 after acquiring an additional 2,079 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Brinker International during the 2nd quarter worth approximately $166,000.

Analysts Set New Price Targets

EAT has been the subject of a number of recent research reports. BMO Capital Markets downgraded Brinker International from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut Brinker International from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $67.00 to $100.00 in a research note on Thursday, October 31st. Citigroup upped their price objective on Brinker International from $83.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on Brinker International from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, UBS Group upped their price objective on Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $86.45.

Insiders Place Their Bets

In other 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 directly owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.72% of the company's stock.

Brinker International Stock Performance

EAT stock traded up $0.09 during trading hours on Wednesday, hitting $130.68. 960,156 shares of the stock were exchanged, compared to its average volume of 1,443,566. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The firm has a market capitalization of $5.81 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.45 and a beta of 2.46. The company has a 50-day simple moving average of $97.63 and a two-hundred day simple moving average of $78.38. Brinker International, Inc. has a 12 month low of $34.77 and a 12 month high of $132.08.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.26. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, analysts forecast that Brinker International, Inc. will post 5.52 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.