Holocene Advisors LP Has $53.32 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Holocene Advisors LP reduced its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 48.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 696,703 shares of the restaurant operator's stock after selling 650,577 shares during the period. Holocene Advisors LP owned approximately 1.57% of Brinker International worth $53,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its stake 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 purchasing an additional 204 shares during the period. Signaturefd LLC lifted its stake 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 purchasing an additional 246 shares during the period. Quest Partners LLC lifted its stake 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 during the period. Fifth Third Bancorp lifted its stake 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 during the period. Finally, nVerses Capital LLC acquired a new position in shares of Brinker International in the 2nd quarter valued at $166,000.

Analyst Ratings Changes

EAT has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Brinker International from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wedbush reiterated a "neutral" rating and set a $68.00 target price on shares of Brinker International in a report on Thursday, August 15th. Citigroup increased their target price on Brinker International from $83.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Bank Of America (Bofa) increased their target price on Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. Finally, Bank of America increased their target price on Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Brinker International presently has an average rating of "Hold" and an average price target of $86.45.

Brinker International Price Performance

NYSE:EAT traded down $1.09 during mid-day trading on Tuesday, reaching $129.12. The stock had a trading volume of 540,345 shares, compared to its average volume of 1,435,297. The stock has a 50-day simple moving average of $101.98 and a two-hundred day simple moving average of $80.32. The stock has a market capitalization of $5.74 billion, a PE ratio of 31.64, a P/E/G ratio of 1.46 and a beta of 2.51. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. Brinker International, Inc. has a 12 month low of $37.25 and a 12 month high of $133.82.

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, topping analysts' consensus estimates of $0.69 by $0.26. The firm had revenue of $1.14 billion for 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 was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts anticipate that Brinker International, Inc. will post 5.52 earnings per share for the current year.

Insider Transactions at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the business's 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 transaction, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.72% of the stock is owned by company insiders.

Brinker International 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.