Brinker International, Inc. (NYSE:EAT) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 90.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,792 shares of the restaurant operator's stock after selling 36,744 shares during the quarter. GSA Capital Partners LLP's holdings in Brinker International were worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Brinker International by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator's stock worth $275,004,000 after purchasing an additional 135,580 shares during the last quarter. Boston Partners lifted its position in shares of Brinker International by 231.8% in the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator's stock worth $78,602,000 after acquiring an additional 1,106,046 shares during the period. Marshall Wace LLP boosted its stake in Brinker International by 13,850.1% during the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock worth $76,546,000 after buying an additional 1,049,836 shares in the last quarter. Millennium Management LLC increased its stake in Brinker International by 31.7% in the second 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 during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Brinker International by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator's stock worth $21,406,000 after buying an additional 40,500 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Argus cut Brinker International from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Stifel Nicolaus boosted their price objective on shares of Brinker International from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 4th. JPMorgan Chase & Co. downgraded Brinker International from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $67.00 to $100.00 in a report on Thursday, October 31st. Piper Sandler raised 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, November 4th. Finally, Wedbush restated a "neutral" rating and issued a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Two 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's stock. According to MarketBeat, Brinker International presently has an average rating of "Hold" and an average price target of $86.45.

Insider Buying and Selling

In other news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.72% of the stock is currently owned by company insiders.

Brinker International Stock Performance

Shares of NYSE:EAT traded up $1.91 during trading on Friday, hitting $125.62. The company's stock had a trading volume of 1,338,370 shares, compared to its average volume of 1,582,588. The company has a 50-day moving average of $95.35 and a 200-day moving average of $77.23. Brinker International, Inc. has a 12 month low of $34.77 and a 12 month high of $126.29. 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 firm has a market cap of $5.58 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.37 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 for the quarter, beating analysts' consensus estimates of $0.69 by $0.26. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. Brinker International's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, sell-side analysts expect that Brinker International, Inc. will post 5.52 earnings per share for the current year.

About Brinker International

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.