XTX Topco Ltd Makes New Investment in Brinker International, Inc. (NYSE:EAT)

Key Points

• XTX Topco Ltd acquired a new stake in Brinker International, purchasing 8,273 shares valued at approximately $1,233,000.
• Insider trading activity included a sale of 10,000 shares by Director Joseph Michael Depinto, valued at about $1,703,600, resulting in a 9.15% decrease in his ownership.
• Brinker International reported a net margin of 6.50% and a 27.2% increase in revenue compared to the same quarter last year, with earnings per share of $2.66.

XTX Topco Ltd bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,273 shares of the restaurant operator's stock, valued at approximately $1,233,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC lifted its holdings in shares of Brinker International by 4.4% during the 4th quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock worth $282,000 after acquiring an additional 89 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Brinker International by 4.2% during the 1st quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after acquiring an additional 119 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Brinker International by 3.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock worth $596,000 after acquiring an additional 148 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares during the period. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Brinker International during the 4th quarter worth about $26,000.

Analyst Ratings Changes

A number of research firms recently issued reports on EAT. Citigroup dropped their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Bank of America increased their target price on shares of Brinker International from $185.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Barclays increased their target price on shares of Brinker International from $155.00 to $166.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Morgan Stanley increased their target price on shares of Brinker International from $144.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus increased their target price on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $156.41.

Brinker International Price Performance

NYSE:EAT traded up $4.64 during mid-day trading on Monday, reaching $160.55. 816,951 shares of the stock were exchanged, compared to its average volume of 1,332,739. The business has a fifty day moving average price of $170.33 and a 200 day moving average price of $158.07. The firm has a market capitalization of $7.14 billion, a PE ratio of 22.14, a PEG ratio of 0.37 and a beta of 1.68. Brinker International, Inc. has a 1-year low of $56.27 and a 1-year high of $192.21. The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00.

Insider Buying and Selling

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the transaction, the director directly owned 8,568 shares in the company, valued at approximately $1,158,650.64. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,127 shares of company stock valued at $2,128,062. 1.72% of the stock is owned by corporate insiders.

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.