MML Investors Services LLC Buys 6,185 Shares of Brinker International, Inc. (NYSE:EAT)

MML Investors Services LLC lifted its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 123.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,199 shares of the restaurant operator's stock after buying an additional 6,185 shares during the period. MML Investors Services LLC's holdings in Brinker International were worth $857,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EAT. XTX Topco Ltd boosted its holdings in shares of Brinker International by 137.9% in the 3rd quarter. XTX Topco Ltd now owns 26,681 shares of the restaurant operator's stock valued at $2,042,000 after buying an additional 15,467 shares during the last quarter. Wellington Management Group LLP lifted its stake in Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock valued at $47,351,000 after acquiring an additional 219,836 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Brinker International in the third quarter valued at $907,000. Tabor Asset Management LP bought a new position in shares of Brinker International in the 3rd quarter valued at about $2,068,000. Finally, Systematic Financial Management LP acquired a new position in shares of Brinker International during the 3rd quarter worth about $1,445,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Brinker International from $70.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Piper Sandler raised their price objective on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Argus lowered Brinker International from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Raymond James downgraded Brinker International from an "outperform" rating to a "market perform" rating in a report on Thursday, October 17th. Finally, 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 report on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $94.63.

Brinker International Price Performance

NYSE EAT traded up $2.93 during midday trading on Friday, hitting $134.26. The company had a trading volume of 2,094,700 shares, compared to its average volume of 1,419,894. The firm has a 50-day moving average price of $115.82 and a 200-day moving average price of $86.23. The company has a market capitalization of $5.96 billion, a PE ratio of 32.75, a P/E/G ratio of 1.46 and a beta of 2.51. 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 twelve month low of $37.25 and a twelve month high of $136.15.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. Brinker International's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, analysts anticipate that Brinker International, Inc. will post 5.43 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction on 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 owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.72% of the stock is currently owned by insiders.

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.