Brinker International, Inc. (NYSE:EAT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 998,278 shares of the restaurant operator's stock after acquiring an additional 8,105 shares during the period. Geode Capital Management LLC owned approximately 2.25% of Brinker International worth $76,413,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EAT. CWM LLC increased its holdings in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Brinker International during the 2nd quarter worth about $352,000. Nisa Investment Advisors LLC raised its holdings in Brinker International by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator's stock worth $967,000 after purchasing an additional 169 shares during the period. Fifth Third Bancorp grew its holdings in Brinker International by 1,111.8% in the second quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator's stock valued at $164,000 after purchasing an additional 2,079 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Brinker International by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the restaurant operator's stock valued at $1,622,000 after buying an additional 500 shares in the last quarter.

Insider Buying and Selling at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the company's 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 sale, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EAT has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Brinker International from $70.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Morgan Stanley upgraded shares of Brinker International from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $70.00 to $115.00 in a research report on Friday. KeyCorp raised their price target on shares of Brinker International from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Bank Of America (Bofa) boosted their price objective on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Finally, Bank of America raised their target price on Brinker International from $97.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $94.63.

Brinker International Trading Up 2.2 %

Shares of NYSE:EAT traded up $2.93 during midday trading on Friday, reaching $134.26. 2,094,700 shares of the company's stock were exchanged, compared to its average volume of 1,419,894. The firm's 50 day simple moving average is $114.81 and its two-hundred day simple moving average is $85.79. Brinker International, Inc. has a fifty-two week low of $37.25 and a fifty-two week high of $136.15. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 32.75, a P/E/G ratio of 1.46 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, sell-side analysts forecast that Brinker International, Inc. will post 5.43 EPS for the current fiscal year.

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.