Intech Investment Management LLC Buys 19,281 Shares of Brinker International, Inc. (NYSE:EAT)

Intech Investment Management LLC increased its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 399.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,102 shares of the restaurant operator's stock after buying an additional 19,281 shares during the quarter. Intech Investment Management LLC owned 0.05% of Brinker International worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EAT. Boston Partners grew its stake in Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator's stock valued at $78,602,000 after purchasing an additional 1,106,046 shares in the last quarter. Marshall Wace LLP grew its stake in Brinker International by 13,850.1% in the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock valued at $76,546,000 after purchasing an additional 1,049,836 shares in the last quarter. Millennium Management LLC grew 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 purchasing an additional 227,047 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Brinker International by 1,686.8% in the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator's stock valued at $13,969,000 after purchasing an additional 182,172 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Brinker International by 1,160.2% in the second quarter. Squarepoint Ops LLC now owns 192,268 shares of the restaurant operator's stock valued at $13,918,000 after purchasing an additional 177,011 shares in the last quarter.

Insider Activity at Brinker International

In other 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 completion of the transaction, the chief financial officer now owns 23,071 shares of the company's stock, valued at $2,376,774.42. The trade was a 13.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Trading Up 3.6 %

EAT stock traded up $4.48 during midday trading on Monday, reaching $130.10. The company's stock had a trading volume of 476,383 shares, compared to its average volume of 1,444,617. The business's 50-day simple moving average is $95.35 and its 200-day simple moving average is $77.36. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. Brinker International, Inc. has a 52 week low of $34.77 and a 52 week high of $130.47. The stock has a market cap of $5.78 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.39 and a beta of 2.46.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm's revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts expect that Brinker International, Inc. will post 5.52 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on EAT. Raymond James downgraded Brinker International from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 17th. Piper Sandler boosted their price target on Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Evercore ISI boosted their price target on Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 15th. Stifel Nicolaus boosted their price target on Brinker International from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Bank Of America (Bofa) boosted their price objective on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Brinker International currently has a consensus rating of "Hold" and a consensus price target of $86.45.

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.