Easterly Investment Partners LLC lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 32.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,167 shares of the restaurant operator's stock after selling 13,594 shares during the quarter. Easterly Investment Partners LLC owned 0.06% of Brinker International worth $2,156,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted 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. Transcendent Capital Group LLC bought a new stake in shares of Brinker International in the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in shares of Brinker International in the 1st quarter worth approximately $47,000. Signaturefd LLC lifted its position in Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator's stock worth $71,000 after buying an additional 246 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Brinker International by 32,500.0% during the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator's stock worth $65,000 after acquiring an additional 1,300 shares during the period.
Brinker International Trading Up 3.7 %
NYSE EAT traded up $4.14 on Friday, reaching $114.84. The company had a trading volume of 1,216,620 shares, compared to its average volume of 1,457,465. Brinker International, Inc. has a 52 week low of $33.24 and a 52 week high of $119.42. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.19 and a beta of 2.46. The stock's 50 day moving average is $84.45 and its 200-day moving average is $71.82. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54.
Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS 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 the consensus estimate of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. Equities analysts predict that Brinker International, Inc. will post 5.53 earnings per share for the current year.
Insider Buying and Selling at Brinker International
In other news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.72% of the company's stock.
Analyst Ratings Changes
EAT has been the topic of a number of analyst reports. Barclays increased 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 note on Thursday, October 31st. Argus lowered Brinker International from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Wells Fargo & Company increased their target price on Brinker International from $85.00 to $95.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Raymond James lowered Brinker International from an "outperform" rating to a "market perform" rating in a report on Thursday, October 17th. Finally, Piper Sandler boosted their price objective on shares of Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday. Two equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.45.
View Our Latest Report on Brinker International
Brinker International Company Profile
(
Free Report)
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.
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