Empowered Funds LLC Takes $5.33 Million Position in Brinker International, Inc. (NYSE:EAT)

Empowered Funds LLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 69,644 shares of the restaurant operator's stock, valued at approximately $5,330,000. Empowered Funds LLC owned approximately 0.16% of Brinker International at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EAT. CWM LLC boosted its holdings in shares of Brinker International by 96.2% in the 2nd 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 last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Brinker International in the 1st quarter valued at $25,000. Signaturefd LLC boosted its holdings in shares of Brinker International by 33.2% in the 2nd 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. Covestor Ltd boosted its holdings in shares of Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator's stock valued at $65,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings 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 acquiring an additional 1,746 shares during the last quarter.

Brinker International Price Performance

Shares of NYSE EAT traded up $5.45 during mid-day trading on Monday, reaching $122.90. The company's stock had a trading volume of 1,446,596 shares, compared to its average volume of 1,454,121. The stock has a 50-day moving average of $89.99 and a two-hundred day moving average of $74.99. The stock has a market capitalization of $5.46 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.29 and a beta of 2.46. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. Brinker International, Inc. has a 1-year low of $34.77 and a 1-year high of $123.66.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data 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. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the business earned $0.28 earnings per share. Brinker International's revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EAT shares. Piper Sandler upped their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Raymond James downgraded shares of Brinker International from an "outperform" rating to a "market perform" rating in a report on Thursday, October 17th. Wedbush reissued a "neutral" rating and set a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Wells Fargo & Company increased their price target on shares of Brinker International from $85.00 to $95.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. Finally, Bank of America increased their price target on shares of Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $86.45.

Insider Buying and Selling

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction dated Thursday, October 31st. The shares were 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 $2,376,774.42. This trade represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.72% of the stock is owned by company insiders.

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.