7,487 Brinker International, Inc. $EAT Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its stake in Brinker International, Inc. (NYSE:EAT) by 16.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,178 shares of the restaurant operator’s stock after purchasing an additional 7,487 shares during the quarter. King Luther Capital Management Corp owned 0.13% of Brinker International worth $10,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC raised its holdings in Brinker International by 3.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after buying an additional 54 shares during the period. Brighton Jones LLC lifted its stake in Brinker International by 4.3% during the third quarter. Brighton Jones LLC now owns 1,544 shares of the restaurant operator’s stock valued at $299,000 after buying an additional 64 shares in the last quarter. Smith Group Asset Management LLC boosted its holdings in shares of Brinker International by 0.5% in the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock worth $3,472,000 after buying an additional 104 shares during the period. Vise Technologies Inc. boosted its holdings in shares of Brinker International by 6.6% in the third quarter. Vise Technologies Inc. now owns 2,078 shares of the restaurant operator’s stock worth $402,000 after buying an additional 129 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Brinker International in the third quarter worth about $28,000.

Brinker International Price Performance

NYSE EAT opened at $197.30 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.29. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The company has a 50 day simple moving average of $203.62 and a 200-day simple moving average of $176.56. Brinker International, Inc. has a 52-week low of $111.61 and a 52-week high of $254.99.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.32. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate 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 was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.17 earnings per share. Equities research analysts predict that Brinker International, Inc. will post 13.58 earnings per share for the current fiscal year.

Insider Activity at Brinker International

In other news, EVP Michaela Ware sold 3,030 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $233.48, for a total transaction of $707,444.40. Following the transaction, the executive vice president directly owned 17,494 shares in the company, valued at $4,084,499.12. The trade was a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel Fuller sold 1,909 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $253.54, for a total transaction of $484,007.86. Following the transaction, the senior vice president owned 30,177 shares in the company, valued at approximately $7,651,076.58. This represents a 5.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 132,386 shares of company stock worth $30,915,368. 1.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EAT. Stephens restated an “overweight” rating and set a $300.00 price target on shares of Brinker International in a report on Thursday, October 29th. Piper Sandler raised their price objective on shares of Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. UBS Group lifted their price objective on shares of Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Wall Street Zen raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Finally, Bank of America boosted their target price on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.80.

Brinker International Profile

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.