Geode Capital Management LLC increased its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 998,278 shares of the restaurant operator's stock after buying an additional 8,105 shares during the quarter. Geode Capital Management LLC owned about 2.25% of Brinker International worth $76,413,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its position 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 buying an additional 204 shares in the last quarter. Signaturefd LLC lifted its stake 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 purchasing an additional 246 shares during the last quarter. 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 purchasing an additional 1,746 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Brinker International by 1,111.8% in the 2nd 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 in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Brinker International in the 2nd quarter valued at $166,000.
Brinker International Trading Up 2.2 %
EAT traded up $2.93 during trading on Friday, reaching $134.26. 2,094,700 shares of the stock traded hands, compared to its average volume of 1,419,894. The stock's 50-day moving average is $115.82 and its 200 day moving average is $86.23. Brinker International, Inc. has a 12 month low of $37.25 and a 12 month high of $136.15. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock has a market capitalization of $5.96 billion, a PE 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 issued its quarterly 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company's revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities analysts anticipate that Brinker International, Inc. will post 5.43 earnings per share for the current year.
Wall Street Analysts Forecast Growth
EAT has been the topic of several research analyst reports. Piper Sandler raised their price objective on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Argus lowered shares of Brinker International from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. UBS Group upped their price objective on shares of Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Bank Of America (Bofa) raised their target price on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, KeyCorp upped their price target on shares of Brinker International from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $94.63.
Read Our Latest Stock Report on Brinker International
Insider Activity
In related news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the sale, the chief financial officer now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.72% of the company's stock.
Brinker International 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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