5,405 Shares in Brinker International, Inc. (NYSE:EAT) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Brinker International, Inc. (NYSE:EAT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 5,405 shares of the restaurant operator’s stock, valued at approximately $414,000.

A number of other hedge funds also recently modified their holdings of EAT. CWM LLC increased its position in shares of Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 204 shares during the period. Signaturefd LLC raised its stake in shares of Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 246 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Brinker International by 1,265.2% during the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock worth $136,000 after acquiring an additional 1,746 shares during the period. Fifth Third Bancorp boosted its position 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 acquiring an additional 2,079 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Brinker International during the 2nd quarter valued at about $166,000.

Insiders Place Their Bets

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

Brinker International Trading Down 1.5 %

EAT stock opened at $130.29 on Tuesday. The business has a fifty day moving average of $100.93 and a 200-day moving average of $79.84. The company has a market cap of $5.79 billion, a P/E ratio of 31.78, a PEG ratio of 1.46 and a beta of 2.46. Brinker International, Inc. has a twelve month low of $37.25 and a twelve month high of $133.82. 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 (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 the consensus estimate of $0.69 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts expect that Brinker International, Inc. will post 5.52 EPS for the current year.

Wall Street Analyst Weigh In

EAT has been the subject of several recent research reports. Bank Of America (Bofa) increased their price target on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Citigroup raised their target price on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price target on Brinker International from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut 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 report on Thursday, October 31st. Finally, Argus lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.45.

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.