Hantz Financial Services Inc. Sells 1,038 Shares of Brinker International, Inc. (NYSE:EAT)

Hantz Financial Services Inc. lowered its stake in shares of Brinker International, Inc. (NYSE:EAT) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,765 shares of the restaurant operator’s stock after selling 1,038 shares during the quarter. Hantz Financial Services Inc. owned about 0.11% of Brinker International worth $3,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares during the last quarter. Signaturefd LLC grew its holdings in Brinker International by 33.2% in the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Quest Partners LLC increased its position in shares of Brinker International by 1,265.2% during the second quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock worth $136,000 after purchasing an additional 1,746 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Brinker International by 1,111.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 2,079 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Brinker International in the 2nd quarter worth $166,000.

Brinker International Trading Up 1.2 %

EAT stock opened at $132.27 on Friday. The business’s 50-day moving average is $100.93 and its 200 day moving average is $79.60. Brinker International, Inc. has a 12-month low of $35.60 and a 12-month high of $133.82. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.44 and a beta of 2.46.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on EAT shares. Stifel Nicolaus upped their target price on Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Raymond James downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. BMO Capital Markets downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. Bank of America upped their price target on shares of Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $67.00 to $100.00 in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.45.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.