Brinker International, Inc. (NYSE:EAT) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 136.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,031 shares of the restaurant operator's stock after acquiring an additional 28,322 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of Brinker International worth $6,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in shares of 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 purchasing an additional 1,049,836 shares during the last quarter. Millennium Management LLC raised its stake in shares of Brinker International by 31.7% during the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator's stock valued at $68,228,000 after buying an additional 227,047 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Brinker International by 55.1% in the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock valued at $47,351,000 after buying an additional 219,836 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Brinker International during the third quarter worth about $14,611,000. Finally, Squarepoint Ops LLC raised its position in Brinker International by 1,160.2% during the second quarter. Squarepoint Ops LLC now owns 192,268 shares of the restaurant operator's stock valued at $13,918,000 after acquiring an additional 177,011 shares in the last quarter.

Insider Activity

In other news, CFO Michaela M. Ware sold 3,753 shares of the firm'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 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 13.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EAT. Bank of America upped their price target on Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. BMO Capital Markets cut shares of Brinker International from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $80.00 to $105.00 in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of Brinker International from $120.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday. Evercore ISI upped their price target on shares of Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 15th. Finally, Piper Sandler lifted their price objective on Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $105.28.

Brinker International Stock Down 0.6 %

NYSE:EAT traded down $0.86 during midday trading on Friday, reaching $138.66. The company had a trading volume of 1,161,189 shares, compared to its average volume of 1,006,081. The stock's fifty day simple moving average is $128.26 and its 200-day simple moving average is $93.33. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International, Inc. has a 12-month low of $37.25 and a 12-month high of $142.47. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.46 and a beta of 2.52.

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. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, sell-side analysts anticipate that Brinker International, Inc. will post 5.43 earnings per share for the current fiscal 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.