Assenagon Asset Management S.A. Has $1.66 Million Position in Brinker International, Inc. (NYSE:EAT)

Assenagon Asset Management S.A. cut its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 88.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,700 shares of the restaurant operator’s stock after selling 171,272 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Brinker International were worth $1,661,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Brinker International by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after acquiring an additional 135,580 shares during the last quarter. Boston Partners grew 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 buying an additional 1,106,046 shares in the last quarter. Marshall Wace LLP grew its holdings in Brinker International by 13,850.1% in the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock valued at $76,546,000 after buying an additional 1,049,836 shares in the last quarter. Millennium Management LLC grew its holdings in Brinker International by 31.7% in the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock valued at $68,228,000 after buying an additional 227,047 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Brinker International by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock valued at $21,406,000 after buying an additional 40,500 shares in the last quarter.

Insider Buying and Selling at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at $2,376,774.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.72% of the company’s stock.

Brinker International Price Performance

Brinker International stock opened at $104.94 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 63.54. The company has a market capitalization of $4.70 billion, a PE ratio of 25.60, a P/E/G ratio of 1.71 and a beta of 2.51. Brinker International, Inc. has a 12 month low of $33.03 and a 12 month high of $107.15. The stock has a 50-day moving average price of $81.21 and a two-hundred day moving average price of $69.98.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Analysts expect that Brinker International, Inc. will post 4.78 EPS for the current year.

Wall Street Analyst Weigh In

EAT has been the topic of several analyst reports. Wedbush reissued a “neutral” rating and set a $68.00 target price on shares of Brinker International in a report on Thursday, August 15th. UBS Group increased their target price on Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley increased their target price on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. BMO Capital Markets lowered Brinker International from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $80.00 to $105.00 in a report on Thursday. Finally, Evercore ISI increased their target price on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.19.

Brinker International Profile

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.