Janney Montgomery Scott LLC Acquires New Stake in Brinker International, Inc. (NYSE:EAT)

Janney Montgomery Scott LLC purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,705 shares of the restaurant operator's stock, valued at approximately $2,273,000. Janney Montgomery Scott LLC owned about 0.07% of Brinker International at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator's stock valued at $275,004,000 after acquiring an additional 135,580 shares during the last quarter. Boston Partners raised its holdings in shares of Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator's stock valued at $78,602,000 after buying an additional 1,106,046 shares during the period. Marshall Wace LLP grew its stake in Brinker International by 13,850.1% during the 2nd 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% during the 2nd 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. Finally, Renaissance Technologies LLC grew its position 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 acquiring an additional 40,500 shares in the last quarter.

Brinker International Trading Down 0.3 %

Shares of EAT stock traded down $0.41 during trading hours on Wednesday, reaching $118.59. 1,528,990 shares of the stock were exchanged, compared to its average volume of 1,458,266. Brinker International, Inc. has a 12-month low of $34.43 and a 12-month high of $123.66. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The company's 50-day moving average price is $88.12 and its 200-day moving average price is $73.93. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.31 and a beta of 2.46.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping the consensus estimate 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 was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, equities analysts anticipate that Brinker International, Inc. will post 5.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction dated 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 directly owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler upped their price objective on Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Barclays upped their target price on Brinker International from $76.00 to $95.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price target on Brinker International from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Morgan Stanley upped their price target on Brinker International from $42.00 to $50.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 16th. Finally, KeyCorp increased their target price on Brinker International from $100.00 to $115.00 and gave the company an "overweight" rating in a research note 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 stock. According to MarketBeat.com, Brinker International presently has an average rating of "Hold" and a consensus target price of $86.45.

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.