Brinker International, Inc. (NYSE:EAT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 75.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,318 shares of the restaurant operator's stock after selling 47,815 shares during the quarter. Quantbot Technologies LP's holdings in Brinker International were worth $1,172,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in shares of Brinker International by 13,850.1% in the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock valued at $76,546,000 after buying an additional 1,049,836 shares during the period. Millennium Management LLC grew its position in Brinker International by 31.7% in the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator's stock valued at $68,228,000 after acquiring an additional 227,047 shares in the last quarter. Fisher Asset Management LLC increased its stake in Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock worth $52,900,000 after purchasing an additional 28,373 shares during the period. Renaissance Technologies LLC lifted its position in shares of Brinker International by 15.9% during the second quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator's stock worth $21,406,000 after purchasing an additional 40,500 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Brinker International by 23.5% in the third 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 during the period.

Brinker International Stock Performance

EAT traded up $1.58 on Friday, reaching $132.27. The company had a trading volume of 558,837 shares, compared to its average volume of 1,244,287. 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 1 year low of $35.60 and a 1 year high of $133.82. The stock has a market capitalization of $5.88 billion, a PE ratio of 32.26, a P/E/G ratio of 1.46 and a beta of 2.46. The stock has a 50-day moving average price of $100.93 and a 200-day moving average price of $79.72.

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, beating the consensus estimate 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%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EAT. KeyCorp upped their target price on shares of Brinker International from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. UBS Group upped their price objective on Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Barclays lifted 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. Raymond James downgraded Brinker International from an "outperform" rating to a "market perform" rating in a report on Thursday, October 17th. Finally, Piper Sandler lifted their price objective on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.45.

Insider Activity

In related news, CFO Michaela M. Ware sold 3,753 shares of the company'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 sale, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.72% of the company's stock.

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.