Systematic Financial Management LP Takes $1.45 Million Position in Brinker International, Inc. (NYSE:EAT)

Systematic Financial Management LP acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 18,886 shares of the restaurant operator’s stock, valued at approximately $1,445,000.

A number of other institutional investors have also recently added to or reduced their stakes in EAT. Point72 DIFC Ltd acquired a new stake in shares of Brinker International during the 3rd quarter valued at approximately $400,000. Jacobs Levy Equity Management Inc. purchased a new position in Brinker International in the 3rd quarter valued at approximately $14,611,000. HighTower Advisors LLC acquired a new position in Brinker International during the third quarter worth $429,000. Centiva Capital LP boosted its position in Brinker International by 225.4% during the third quarter. Centiva Capital LP now owns 16,643 shares of the restaurant operator’s stock worth $1,274,000 after purchasing an additional 11,529 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Brinker International in the third quarter valued at $290,000.

Insiders Place Their Bets

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now directly 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 filing with the SEC, which is accessible through this hyperlink. 1.72% of the stock is currently owned by insiders.

Brinker International Price Performance

Brinker International stock opened at $130.77 on Friday. Brinker International, Inc. has a 1 year low of $37.25 and a 1 year high of $133.82. 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 50 day moving average price of $104.08 and a 200 day moving average price of $81.13. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.43 and a beta of 2.51.

Brinker International (NYSE:EAT) last announced its quarterly earnings data 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 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 business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. Sell-side analysts predict that Brinker International, Inc. will post 5.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on EAT. 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. Barclays lifted their target price on shares of Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Evercore ISI increased their price target on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research report on Tuesday, October 15th. Bank of America lifted their price objective on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Piper Sandler raised their price target on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.63.

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.