US Bancorp DE Boosts Stock Position in Brinker International, Inc. (NYSE:EAT)

US Bancorp DE boosted its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 494.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,682 shares of the restaurant operator's stock after buying an additional 7,222 shares during the quarter. US Bancorp DE's holdings in Brinker International were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EAT. Transcendent Capital Group LLC purchased a new position in Brinker International during the 1st quarter valued at $25,000. CWM LLC grew its position in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator's stock worth $30,000 after buying an additional 204 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Brinker International in the 1st quarter worth about $47,000. Covestor Ltd grew its position in shares of Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator's stock worth $65,000 after buying an additional 1,300 shares during the period. Finally, Signaturefd LLC grew its position in shares of Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator's stock worth $71,000 after buying an additional 246 shares during the period.

Brinker International Stock Performance

Shares of NYSE:EAT traded up $2.73 during trading on Monday, hitting $117.61. The company's stock had a trading volume of 1,378,732 shares, compared to its average volume of 1,457,104. The company has a 50-day moving average of $85.32 and a 200-day moving average of $72.64. Brinker International, Inc. has a 12 month low of $33.62 and a 12 month high of $119.42. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 1.27 and a beta of 2.46.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. The company 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%. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. On average, sell-side analysts expect that Brinker International, Inc. will post 5.53 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction that occurred 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 directly owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EAT. Wells Fargo & Company upped their target price on shares of Brinker International from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. Evercore ISI increased their price objective on shares of Brinker International from $69.00 to $90.00 and gave the company an "in-line" rating in a research report on Tuesday, October 15th. Wedbush reissued a "neutral" rating and set a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. BMO Capital Markets downgraded shares of Brinker International from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $80.00 to $105.00 in a research report on Thursday, October 31st. Finally, Barclays increased their price objective on shares of Brinker International from $76.00 to $95.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Brinker International has a consensus rating of "Hold" and an average price target 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.