Northwestern Mutual Wealth Management Co. boosted its stake in Brinker International, Inc. (NYSE:EAT – Free Report) by 183,144.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256,542 shares of the restaurant operator’s stock after buying an additional 256,402 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.59% of Brinker International worth $36,819,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EAT. UBS Group AG grew its position in Brinker International by 103.2% in the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after buying an additional 1,511,266 shares in the last quarter. Congress Asset Management Co. bought a new position in Brinker International in the 4th quarter valued at about $80,518,000. Samlyn Capital LLC grew its position in Brinker International by 104.9% in the 3rd quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock valued at $111,299,000 after buying an additional 449,871 shares in the last quarter. Two Sigma Investments LP grew its position in Brinker International by 58.6% in the 3rd quarter. Two Sigma Investments LP now owns 932,954 shares of the restaurant operator’s stock valued at $118,187,000 after buying an additional 344,539 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Brinker International by 307.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 450,464 shares of the restaurant operator’s stock valued at $57,065,000 after buying an additional 339,966 shares in the last quarter.
Brinker International Price Performance
NYSE EAT opened at $132.04 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $5.66 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.32. The company has a 50 day moving average price of $144.19 and a two-hundred day moving average price of $144.69. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $187.12.
Wall Street Analysts Forecast Growth
EAT has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on shares of Brinker International from $188.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Barclays lifted their price objective on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Raymond James Financial raised shares of Brinker International from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 21st. Citigroup lowered their price objective on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, DA Davidson began coverage on shares of Brinker International in a research note on Friday, March 6th. They issued a “neutral” rating and a $155.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Brinker International currently has an average rating of “Moderate Buy” and an average target price of $185.11.
Read Our Latest Stock Report on Brinker International
Brinker International Company Profile
Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.
The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.
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