Transcendent Capital Group LLC Purchases Shares of 22,855 Brinker International, Inc. (NYSE:EAT)

Transcendent Capital Group LLC acquired a new position in Brinker International, Inc. (NYSE:EAT) during the 3rd quarter, Holdings Channel reports. The firm acquired 22,855 shares of the restaurant operator’s stock, valued at approximately $1,749,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EAT. CWM LLC raised its position in Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the period. Headlands Technologies LLC bought a new position in Brinker International in the 1st quarter worth $47,000. Signaturefd LLC grew its holdings in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares during the period. Covestor Ltd grew its holdings in Brinker International by 32,500.0% during the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,300 shares during the period. Finally, Quest Partners LLC increased its position in Brinker International by 1,265.2% in the second quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock worth $136,000 after buying an additional 1,746 shares in the last quarter.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a research note on Tuesday, July 16th. Citigroup raised their price objective on shares of Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Barclays increased their price target on Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price objective on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Brinker International currently has an average rating of “Hold” and an average target price of $86.45.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the sale, the chief financial officer now owns 23,071 shares of the company’s stock, valued at $2,376,774.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.72% of the stock is currently owned by insiders.

Brinker International Trading Up 3.8 %

Shares of EAT stock opened at $114.88 on Friday. The company has a market cap of $5.10 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.28 and a beta of 2.46. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The stock’s 50 day simple moving average is $85.32 and its two-hundred day simple moving average is $72.46. Brinker International, Inc. has a 1 year low of $33.24 and a 1 year high of $119.42.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $0.28 earnings per share. Brinker International’s revenue was up 12.5% on a year-over-year basis. Research analysts predict that Brinker International, Inc. will post 5.53 earnings per share for the current year.

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.