Stifel Financial Corp Trims Stock Position in Brinker International, Inc. (NYSE:EAT)

Stifel Financial Corp lessened its stake in Brinker International, Inc. (NYSE:EAT) by 32.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,412 shares of the restaurant operator’s stock after selling 6,481 shares during the period. Stifel Financial Corp’s holdings in Brinker International were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Brinker International by 612.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 101,146 shares of the restaurant operator’s stock worth $7,322,000 after acquiring an additional 86,956 shares during the last quarter. Simmons Bank acquired a new position in Brinker International in the second quarter valued at $244,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brinker International by 21.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,139 shares of the restaurant operator’s stock valued at $734,000 after buying an additional 1,819 shares during the last quarter. Highview Capital Management LLC DE acquired a new stake in shares of Brinker International during the second quarter worth about $912,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Brinker International during the second quarter worth about $3,433,000.

Brinker International Trading Down 0.9 %

NYSE:EAT opened at $133.09 on Tuesday. Brinker International, Inc. has a 52-week low of $37.25 and a 52-week high of $136.15. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock has a fifty day simple moving average of $115.82 and a 200-day simple moving average of $86.43. The company has a market capitalization of $5.91 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 1.46 and a beta of 2.51.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities research analysts expect that Brinker International, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

EAT has been the subject of several analyst reports. Raymond James downgraded Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Barclays increased their price target on Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Piper Sandler boosted their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. UBS Group upped their price objective on shares of Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Evercore ISI lifted their target price on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a report on Tuesday, October 15th. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.63.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.72% of the stock is owned by insiders.

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.