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

Dynamic Technology Lab Private Ltd grew its stake in shares of Brinker International, Inc. (NYSE:EAT) by 704.9% in the 3rd quarter, according to its most recent Form 13F filing with the 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 accounts for 0.8% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its biggest position. Dynamic Technology Lab Private Ltd’s holdings in Brinker International were worth $7,658,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in EAT. Vanguard Group Inc. lifted its stake in shares of Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after buying an additional 135,580 shares during the period. Boston Partners raised its holdings in Brinker International by 231.8% in the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after acquiring an additional 1,106,046 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Brinker International by 13,850.1% during the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after purchasing an additional 1,049,836 shares during the period. Millennium Management LLC boosted its holdings in shares of Brinker International by 31.7% during the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after purchasing an additional 227,047 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock worth $52,900,000 after purchasing an additional 28,373 shares during the last quarter.

Wall Street Analyst Weigh In

EAT has been the topic of several recent analyst reports. Bank of America increased their target price on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI increased their price objective on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Wells Fargo & Company boosted their target price on shares of Brinker International from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $67.00 to $100.00 in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on shares of Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and a consensus target price of $86.45.

Insider Buying and Selling at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction on 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 in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Trading Up 1.5 %

NYSE EAT opened at $125.62 on Monday. The company’s fifty day simple moving average is $95.35 and its 200-day simple moving average is $77.36. The stock has a market cap of $5.58 billion, a P/E ratio of 30.64, a PEG ratio of 1.39 and a beta of 2.46. Brinker International, Inc. has a 52 week low of $34.77 and a 52 week high of $126.29. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 firm earned $0.28 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Brinker International, Inc. will post 5.52 EPS for the current fiscal year.

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.