Brinker International, Inc. (NYSE:EAT) Stock Position Cut by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its position in shares of Brinker International, Inc. (NYSE:EAT) by 20.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 125,239 shares of the restaurant operator’s stock after selling 32,150 shares during the period. Brinker International makes up approximately 1.0% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 6th largest position. Landscape Capital Management L.L.C.’s holdings in Brinker International were worth $9,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EAT. Boston Partners lifted its position in shares of Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after buying an additional 1,106,046 shares in the last quarter. Marshall Wace LLP lifted its holdings in Brinker International by 13,850.1% during the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock valued at $76,546,000 after purchasing an additional 1,049,836 shares in the last quarter. Millennium Management LLC grew its position in shares of Brinker International by 31.7% in the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock valued at $68,228,000 after purchasing an additional 227,047 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Brinker International by 1,686.8% during the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock worth $13,969,000 after purchasing an additional 182,172 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Brinker International by 1,160.2% during the 2nd quarter. Squarepoint Ops LLC now owns 192,268 shares of the restaurant operator’s stock worth $13,918,000 after purchasing an additional 177,011 shares during the last quarter.

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 that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Trading Up 2.1 %

Shares of Brinker International stock opened at $124.74 on Thursday. The stock has a 50 day moving average of $93.16 and a 200 day moving average of $76.29. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.35 and a beta of 2.46. Brinker International, Inc. has a fifty-two week low of $34.77 and a fifty-two week high of $124.93.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a report on Thursday, August 15th. Bank Of America (Bofa) lifted their price target on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Piper Sandler increased their price objective on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Citigroup lifted their target price on shares of Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Raymond James cut shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brinker International has an average rating of “Hold” and a consensus target price of $86.45.

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.