Brinker International, Inc. $EAT Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Brinker International stake by 301.9% in the first quarter, acquiring 20,764 additional shares for a total of 27,641 shares valued at approximately $3.95 million.
• Brinker shares opened at $224.82, down 1.1%, near their 12-month high of $229.99. The stock has a $9.64 billion market capitalization and trades at a P/E ratio of 22.04.
• Analysts maintain a “Moderate Buy” consensus, with one Strong Buy, 14 Buy and seven Hold ratings; the average price target is $193.25, below the current share price.

Quantinno Capital Management LP boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 301.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,641 shares of the restaurant operator's stock after acquiring an additional 20,764 shares during the period. Quantinno Capital Management LP owned 0.06% of Brinker International worth $3,946,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Allworth Financial LP raised its stake in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock valued at $28,000 after buying an additional 83 shares in the last quarter. Rezny Wealth Management Inc. boosted its position in shares of Brinker International by 0.8% during the 4th quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator's stock worth $1,685,000 after acquiring an additional 92 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock valued at $45,000 after acquiring an additional 93 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in shares of Brinker International by 4.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator's stock valued at $294,000 after acquiring an additional 94 shares during the last quarter. Finally, Aviva PLC raised its position in shares of Brinker International by 2.8% during the 4th quarter. Aviva PLC now owns 4,123 shares of the restaurant operator's stock worth $592,000 after acquiring an additional 112 shares in the last quarter.

Brinker International Trading Down 1.1%

Shares of EAT stock opened at $224.82 on Friday. The company has a market capitalization of $9.64 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The business's 50 day moving average is $177.52 and its two-hundred day moving average is $158.17. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $229.99.

Analyst Ratings Changes

A number of brokerages recently issued reports on EAT. KeyCorp upped their price target on Brinker International from $177.00 to $204.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Citigroup boosted their price objective on shares of Brinker International from $189.00 to $227.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Morgan Stanley increased their target price on shares of Brinker International from $205.00 to $207.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Barclays boosted their price target on shares of Brinker International from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. Finally, TD Cowen raised their price objective on Brinker International from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Brinker International presently has a consensus rating of "Moderate Buy" and an average price target of $193.25.

Brinker International Company Profile

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

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