Bank of Montreal Can Has $4.86 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Bank of Montreal Can boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 771.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,323 shares of the restaurant operator's stock after acquiring an additional 56,945 shares during the quarter. Bank of Montreal Can owned 0.14% of Brinker International worth $4,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its position in Brinker International by 96.2% in the second 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. Signaturefd LLC boosted its holdings in Brinker International by 33.2% in the second 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 last quarter. Quest Partners LLC boosted its stake in shares of Brinker International by 1,265.2% in the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator's stock valued at $136,000 after purchasing an additional 1,746 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Brinker International by 1,111.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator's stock worth $164,000 after purchasing an additional 2,079 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Brinker International during the second quarter worth about $166,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EAT shares. Piper Sandler raised their price objective on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of Brinker International from $85.00 to $95.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. KeyCorp upped their price target 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 upped their target price on Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Wedbush restated a "neutral" rating and issued a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Brinker International has an average rating of "Hold" and a consensus price target of $86.45.

Brinker International Price Performance

EAT traded down $0.22 during trading on Wednesday, reaching $128.86. 1,103,760 shares of the stock were exchanged, compared to its average volume of 1,435,469. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. Brinker International, Inc. has a 1 year low of $37.25 and a 1 year high of $133.82. The business's 50 day moving average price is $103.02 and its two-hundred day moving average price is $80.79. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.44 and a beta of 2.51.

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

Insider Activity

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the sale, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.72% of the company's stock.

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.