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

Blueshift Asset Management LLC increased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 158.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,774 shares of the restaurant operator’s stock after acquiring an additional 13,347 shares during the period. Blueshift Asset Management LLC’s holdings in Brinker International were worth $1,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EAT. Cetera Advisors LLC acquired a new stake in shares of Brinker International in the first quarter valued at $714,000. Empowered Funds LLC acquired a new stake in shares of Brinker International in the third quarter valued at approximately $5,330,000. Vanguard Group Inc. lifted its holdings in Brinker International by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after buying an additional 135,580 shares in the last quarter. Boston Partners boosted its position in Brinker International by 231.8% in the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after buying an additional 1,106,046 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of 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 buying an additional 51,927 shares during the period.

Insider Activity

In other Brinker International 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 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. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EAT. Wedbush reiterated a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. Piper Sandler increased their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Barclays lifted their target price on shares of Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. KeyCorp increased their price target on Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut Brinker International from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $67.00 to $100.00 in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Brinker International currently has a consensus rating of “Hold” and an average price target of $86.45.

Brinker International Stock Performance

EAT opened at $130.62 on Wednesday. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.45 and a beta of 2.46. The business’s 50-day moving average price is $96.52 and its two-hundred day moving average price is $77.87. Brinker International, Inc. has a 1 year low of $34.77 and a 1 year high of $131.46. 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) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating 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 firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts expect that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

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.