Wellington Management Group LLP Buys 219,836 Shares of Brinker International, Inc. (NYSE:EAT)

Wellington Management Group LLP boosted its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 55.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 618,728 shares of the restaurant operator's stock after buying an additional 219,836 shares during the period. Wellington Management Group LLP owned approximately 1.39% of Brinker International worth $47,351,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EAT. Marshall Wace LLP increased its position in Brinker International by 13,850.1% in the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock worth $76,546,000 after buying an additional 1,049,836 shares during the period. Millennium Management LLC increased its position in Brinker International by 31.7% in the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator's stock worth $68,228,000 after buying an additional 227,047 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Brinker International during the third quarter valued at approximately $14,611,000. Assenagon Asset Management S.A. increased its position in shares of Brinker International by 1,686.8% during the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator's stock valued at $13,969,000 after purchasing an additional 182,172 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Brinker International by 1,160.2% during the second quarter. Squarepoint Ops LLC now owns 192,268 shares of the restaurant operator's stock valued at $13,918,000 after purchasing an additional 177,011 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on EAT shares. Citigroup boosted their price objective on Brinker International from $83.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. KeyCorp boosted their price objective on Brinker International from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Barclays boosted their price objective on Brinker International from $76.00 to $95.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. BMO Capital Markets lowered Brinker International from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $80.00 to $105.00 in a research note on Thursday, October 31st. Finally, Raymond James lowered Brinker International from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Brinker International presently has a consensus rating of "Hold" and a consensus price target of $91.38.

Brinker International Price Performance

Brinker International stock traded down $2.13 on Thursday, reaching $127.61. The company's stock had a trading volume of 513,381 shares, compared to its average volume of 1,422,332. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.43 and a beta of 2.51. The business's fifty day moving average price is $109.13 and its 200 day moving average price is $83.34. Brinker International, Inc. has a twelve month low of $37.25 and a twelve month high of $133.82.

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

Insider Activity

In other news, CFO Michaela M. Ware sold 3,753 shares of the company's 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 transaction, the chief financial officer now owns 23,071 shares of the company's stock, valued at $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.72% of the stock is currently owned by insiders.

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.