Charles Schwab Investment Management Inc. Sells 32,206 Shares of Brinker International, Inc. (NYSE:EAT)

Charles Schwab Investment Management Inc. lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 665,627 shares of the restaurant operator's stock after selling 32,206 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.50% of Brinker International worth $50,940,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EAT. Marshall Wace LLP boosted its stake in Brinker International by 13,850.1% during the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock valued at $76,546,000 after purchasing an additional 1,049,836 shares during the last quarter. Millennium Management LLC lifted its stake in Brinker International by 31.7% during the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator's stock valued at $68,228,000 after acquiring an additional 227,047 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Brinker International by 15.9% during the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator's stock worth $21,406,000 after acquiring an additional 40,500 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brinker International by 23.5% in 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 in the last quarter. Finally, North Growth Management Ltd. raised its holdings in shares of Brinker International by 0.5% in the third quarter. North Growth Management Ltd. now owns 213,000 shares of the restaurant operator's stock valued at $16,263,000 after purchasing an additional 1,000 shares during the last quarter.

Brinker International Price Performance

Shares of Brinker International stock traded up $1.58 on Friday, reaching $132.27. The stock had a trading volume of 558,837 shares, compared to its average volume of 1,244,287. The business's 50 day moving average is $100.93 and its two-hundred day moving average is $79.72. 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 1 year low of $35.60 and a 1 year high of $133.82. The company has a market cap of $5.88 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.46 and a beta of 2.46.

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 (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 5.52 EPS for the current year.

Insider Buying and Selling

In other news, CFO Michaela M. Ware sold 3,753 shares of the business'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 transaction, the chief financial officer now owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

EAT has been the subject of a number of recent analyst reports. Barclays upped their price objective 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. Raymond James downgraded Brinker International from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 17th. BMO Capital Markets cut Brinker International from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. Piper Sandler raised their target price on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, KeyCorp lifted their target price on Brinker International from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $86.45.

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.