Brinker International, Inc. (NYSE:EAT) is Dynamic Technology Lab Private Ltd's Largest Position

Dynamic Technology Lab Private Ltd boosted its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 704.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,063 shares of the restaurant operator's stock after buying an additional 87,632 shares during the period. Brinker International accounts for 0.8% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its biggest holding. Dynamic Technology Lab Private Ltd owned about 0.23% of Brinker International worth $7,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EAT. 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 period. Signaturefd LLC increased its position in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator's stock worth $71,000 after buying an additional 246 shares during the last quarter. Quest Partners LLC lifted its holdings in Brinker International by 1,265.2% in the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator's stock worth $136,000 after purchasing an additional 1,746 shares during the last quarter. Fifth Third Bancorp boosted its position in Brinker International by 1,111.8% during the second 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 period. Finally, nVerses Capital LLC acquired a new position in Brinker International during the second quarter valued at approximately $166,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EAT shares. KeyCorp raised their price target on Brinker International from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Wedbush reissued a "neutral" rating and issued a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Bank Of America (Bofa) upped their price target on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Barclays lifted their price objective on Brinker International from $76.00 to $95.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their target price on shares of Brinker International from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $86.45.

Brinker International Stock Up 3.6 %

Shares of EAT traded up $4.48 on Monday, reaching $130.10. The company's stock had a trading volume of 476,383 shares, compared to its average volume of 1,444,617. The stock has a market capitalization of $5.78 billion, a PE ratio of 30.64, a PEG ratio of 1.39 and a beta of 2.46. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International, Inc. has a twelve month low of $34.77 and a twelve month high of $130.47. The firm has a fifty day moving average of $95.35 and a 200-day moving average of $77.36.

Brinker International (NYSE:EAT - Get Free Report) last announced its 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. The company 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%. Brinker International's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts predict that Brinker International, Inc. will post 5.52 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction that occurred 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 completion of 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 trade represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.72% of the company's stock.

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.