12,621 Brinker International, Inc. $EAT Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in Brinker International, Inc. (NYSE:EAT) by 15,776.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,701 shares of the restaurant operator’s stock after purchasing an additional 12,621 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Brinker International were worth $2,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Brinker International by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 197,099 shares of the restaurant operator’s stock valued at $38,302,000 after acquiring an additional 599 shares during the period. Brighton Jones LLC boosted its stake in shares of Brinker International by 4.3% during the 3rd quarter. Brighton Jones LLC now owns 1,544 shares of the restaurant operator’s stock worth $299,000 after acquiring an additional 64 shares in the last quarter. Ethic Inc. boosted its stake in shares of Brinker International by 115.8% during the 3rd quarter. Ethic Inc. now owns 3,748 shares of the restaurant operator’s stock worth $725,000 after acquiring an additional 2,011 shares in the last quarter. Providence First Trust Co acquired a new stake in shares of Brinker International in the 3rd quarter worth approximately $620,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Brinker International in the 3rd quarter worth approximately $252,000.

Insider Buying and Selling at Brinker International

In other Brinker International news, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the sale, the executive vice president directly owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of Brinker International stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director directly owned 77,812 shares of the company’s stock, valued at $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 213,694 shares of company stock valued at $50,383,890. 1.18% of the stock is owned by corporate insiders.

Brinker International Trading Down 4.0%

Shares of EAT stock opened at $195.45 on Wednesday. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.03 and a beta of 1.37. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $204.97 and a 200 day moving average price of $176.17. Brinker International, Inc. has a twelve month low of $103.74 and a twelve month high of $254.99.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.32. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Brinker International had a net margin of 8.44% and a return on equity of 125.65%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $2.17 EPS. Research analysts forecast that Brinker International, Inc. will post 13.70 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. KeyCorp lifted their price objective on Brinker International from $250.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Bank of America boosted their target price on Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Jefferies Financial Group raised Brinker International from a “hold” rating to a “buy” rating and upped their target price for the company from $230.00 to $255.00 in a report on Wednesday, October 14th. Stephens restated an “overweight” rating and issued a $300.00 price target on shares of Brinker International in a research report on Thursday, October 29th. Finally, Piper Sandler lifted their price target on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Brinker International presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

About Brinker International

Brinker International, Inc. is a casual-dining restaurant company based in Dallas, Texas. It owns, operates and franchises restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. Chili’s serves a broad menu of American and Tex-Mex-inspired dishes, including burgers, ribs and fajitas. Maggiano’s specializes in Italian-American cuisine, with dishes such as pasta and other classic entrées. The company traces its roots to 1975, when founder Norman Brinker opened the first Chili’s restaurant in Dallas.