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XTX Topco Ltd Increases Stock Position in Brinker International, Inc. (NYSE:EAT)

Brinker International logo with Retail/Wholesale background

XTX Topco Ltd raised its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 137.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,681 shares of the restaurant operator's stock after acquiring an additional 15,467 shares during the period. XTX Topco Ltd owned about 0.06% of Brinker International worth $2,042,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EAT. Marshall Wace LLP increased its position in shares of Brinker International by 13,850.1% during the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock valued at $76,546,000 after acquiring an additional 1,049,836 shares during the last quarter. Millennium Management LLC raised its stake in shares of 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 during the period. Wellington Management Group LLP raised its stake in shares of Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock worth $47,351,000 after purchasing an additional 219,836 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Brinker International during the third quarter valued at about $14,611,000. Finally, Assenagon Asset Management S.A. grew its position in Brinker International by 1,686.8% during the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator's stock valued at $13,969,000 after buying an additional 182,172 shares during the period.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on shares of Brinker International from $69.00 to $90.00 and gave the company an "in-line" rating in a research note on Tuesday, October 15th. Argus downgraded Brinker International from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. downgraded Brinker International from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $67.00 to $100.00 in a research report on Thursday, October 31st. Wedbush reiterated a "neutral" rating and set a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group initiated coverage on Brinker International in a report on Thursday. They issued a "buy" rating and a $150.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $89.63.

View Our Latest Analysis on Brinker International

Brinker International Price Performance

NYSE EAT traded down $0.92 during trading hours on Friday, reaching $129.85. 808,007 shares of the stock traded hands, compared to its average volume of 1,114,186. The stock has a 50 day simple moving average of $106.24 and a two-hundred day simple moving average of $82.05. Brinker International, Inc. has a 1 year low of $37.25 and a 1 year 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. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 1.42 and a beta of 2.51.

Brinker International (NYSE:EAT - Get Free Report) last issued 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 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%. Brinker International's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, analysts predict that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Michaela M. Ware sold 3,753 shares of the firm's 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 completion of the sale, the chief financial officer now owns 23,071 shares of the company's stock, valued at $2,376,774.42. This trade represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.72% of the stock is owned by corporate insiders.

Brinker International Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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