Vanguard Group Inc. lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,965,829 shares of the restaurant operator's stock after selling 162,777 shares during the period. Vanguard Group Inc. owned about 11.17% of Brinker International worth $740,157,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of EAT. Price T Rowe Associates Inc. MD boosted its stake in shares of Brinker International by 3,277.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after buying an additional 958,101 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Brinker International during the 4th quarter valued at $82,408,000. Westfield Capital Management Co. LP lifted its stake in shares of Brinker International by 102.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock valued at $148,411,000 after purchasing an additional 502,897 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Brinker International in the 4th quarter valued at $61,929,000. Finally, Man Group plc lifted its stake in shares of Brinker International by 293.6% in the 4th quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock valued at $31,658,000 after purchasing an additional 178,503 shares during the last quarter.
Wall Street Analysts Forecast Growth
EAT has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on shares of Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday. Piper Sandler lifted their price objective on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Barclays lifted their price objective on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Bank of America lifted their price objective on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $171.41.
Get Our Latest Report on EAT
Insider Activity
In related news, Director Joseph Michael Depinto sold 10,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $170.36, for a total value of $1,703,600.00. Following the sale, the director owned 99,297 shares of the company's stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.72% of the company's stock.
Brinker International Stock Performance
Shares of NYSE:EAT traded up $0.45 on Thursday, hitting $157.83. 1,812,302 shares of the company were exchanged, compared to its average volume of 1,407,687. The company's 50 day moving average price is $168.26 and its two-hundred day moving average price is $158.40. Brinker International, Inc. has a one year low of $65.26 and a one year high of $192.21. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.23 and a current ratio of 0.31. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 0.36 and a beta of 1.68.
Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business's revenue was up 21.0% compared to the same quarter last year. Research analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.
About Brinker International
(
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.
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