5,222 Shares in Brinker International, Inc. (NYSE:EAT) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new position in Brinker International, Inc. (NYSE:EAT - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 5,222 shares of the restaurant operator's stock, valued at approximately $400,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP raised its holdings in shares of 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 worth $76,546,000 after acquiring an additional 1,049,836 shares during the last quarter. Millennium Management LLC increased its position in Brinker International by 31.7% during the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator's stock worth $68,228,000 after purchasing an additional 227,047 shares in the last quarter. Fisher Asset Management LLC raised its stake in Brinker International by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock valued at $52,900,000 after purchasing an additional 28,373 shares during the last quarter. Renaissance Technologies LLC raised its stake in Brinker International by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator's stock valued at $21,406,000 after purchasing an additional 40,500 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Brinker International by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock valued at $20,879,000 after purchasing an additional 51,927 shares in the last quarter.

Insider Transactions at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now directly owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.72% of the company's stock.

Brinker International Stock Down 0.7 %

NYSE EAT traded down $0.92 during trading hours on Friday, hitting $129.85. The company had a trading volume of 808,007 shares, compared to its average volume of 1,114,186. The firm's 50 day moving average is $106.24 and its 200 day moving average is $81.92. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 1.42 and a beta of 2.51. Brinker International, Inc. has a fifty-two week low of $37.25 and a fifty-two week high of $133.82. 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 (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (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 analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that Brinker International, Inc. will post 5.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of analyst reports. Wedbush reissued a "neutral" rating and issued a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. Evercore ISI increased their price target on Brinker International from $69.00 to $90.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 15th. Raymond James downgraded Brinker International from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. downgraded Brinker International from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $67.00 to $100.00 in a research report on Thursday, October 31st. Finally, UBS Group lifted their price target on Brinker International from $70.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $89.63.

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.