Brinker International, Inc. (NYSE:EAT) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its holdings in Brinker International, Inc. (NYSE:EAT) by 704.9% 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 100,063 shares of the restaurant operator’s stock after buying an additional 87,632 shares during the period. Brinker International comprises about 0.8% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its largest position. Dynamic Technology Lab Private Ltd owned 0.23% of Brinker International worth $7,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EAT. CWM LLC boosted its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 204 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Brinker International by 33.2% during 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 increased its position in shares of Brinker International by 1,111.8% during the second quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 2,079 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Brinker International in the 2nd quarter valued at about $166,000.

Brinker International Stock Performance

Shares of EAT opened at $125.62 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. Brinker International, Inc. has a 52-week low of $34.77 and a 52-week high of $126.29. The company has a 50-day simple moving average of $95.35 and a 200-day simple moving average of $77.36. The company has a market capitalization of $5.58 billion, a PE ratio of 30.64, a P/E/G ratio of 1.39 and a beta of 2.46.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on EAT shares. Bank of America lifted their price target on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler raised their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $67.00 to $100.00 in a research note on Thursday, October 31st. Finally, UBS Group upped their target price on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Brinker International currently has an average rating of “Hold” and a consensus target price of $86.45.

Insider Buying and Selling

In other news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares of the company’s stock, valued at $2,376,774.42. The trade was a 13.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.72% of the stock is currently owned by insiders.

About Brinker International

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.