Blueshift Asset Management LLC Has $1.67 Million Position in Brinker International, Inc. (NYSE:EAT)

Blueshift Asset Management LLC boosted its holdings in Brinker International, Inc. (NYSE:EAT) by 158.4% during the third quarter, Holdings Channel reports. The fund owned 21,774 shares of the restaurant operator’s stock after purchasing an additional 13,347 shares during the period. Blueshift Asset Management LLC’s holdings in Brinker International were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Qsemble Capital Management LP bought a new position in shares of Brinker International during the third quarter worth approximately $941,000. Bank of Montreal Can grew its holdings in Brinker International by 771.8% in the 3rd quarter. Bank of Montreal Can now owns 64,323 shares of the restaurant operator’s stock valued at $4,862,000 after buying an additional 56,945 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in Brinker International by 704.9% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 100,063 shares of the restaurant operator’s stock worth $7,658,000 after buying an additional 87,632 shares during the period. Fisher Asset Management LLC boosted its position in shares of Brinker International by 4.3% in the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock valued at $52,900,000 after acquiring an additional 28,373 shares during the period. Finally, Algert Global LLC grew its stake in shares of Brinker International by 252.4% in the third quarter. Algert Global LLC now owns 15,693 shares of the restaurant operator’s stock valued at $1,201,000 after acquiring an additional 11,240 shares in the last quarter.

Insider Buying and Selling at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction dated 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 approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. BMO Capital Markets downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $80.00 to $105.00 in a research report on Thursday, October 31st. Piper Sandler increased their price target on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Bank of America lifted their price objective on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Raymond James lowered Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Brinker International has an average rating of “Hold” and a consensus target price of $86.45.

Brinker International Trading Down 0.3 %

NYSE EAT opened at $130.62 on Wednesday. Brinker International, Inc. has a twelve month low of $34.77 and a twelve month high of $131.46. The business’s fifty day moving average is $96.52 and its 200 day moving average is $77.87. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.45 and a beta of 2.46.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts expect that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

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.