Brinker International, Inc. (NYSE:EAT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,938 shares of the restaurant operator’s stock after selling 1,996 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brinker International were worth $2,674,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EAT. CWM LLC boosted its stake in Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the last quarter. Signaturefd LLC raised its stake in shares of Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares in the last quarter. Quest Partners LLC lifted its position in shares of Brinker International by 1,265.2% during the second quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock worth $136,000 after purchasing an additional 1,746 shares during the last quarter. Fifth Third Bancorp grew its stake in Brinker International by 1,111.8% in the second quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 2,079 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Brinker International in the second quarter valued at about $166,000.

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 transaction of $386,634.06. Following the completion of the sale, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is owned by corporate insiders.

Brinker International Trading Down 0.3 %

Shares of EAT stock opened at $130.62 on Wednesday. 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 50-day simple moving average of $96.52 and a 200 day simple moving average of $77.87. Brinker International, Inc. has a fifty-two week low of $34.77 and a fifty-two week high of $131.46. The stock has a market capitalization of $5.80 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.39 and a beta of 2.46.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts expect that Brinker International, Inc. will post 5.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

EAT has been the topic of a number of research analyst reports. Citigroup increased their target price on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush reiterated a “neutral” rating and set a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Argus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. 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 report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on shares of Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $86.45.

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.