Brinker International, Inc. (NYSE:EAT) Shares Bought by Quadrant Capital Group LLC

Posted by on Jun 6th, 2023

Quadrant Capital Group LLC boosted its position in shares of Brinker International, Inc. (NYSE:EAT – Get Rating) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,447 shares of the restaurant operator’s stock after buying an additional 395 shares during the period. Quadrant Capital Group LLC’s holdings in Brinker International were worth $78,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $517,000. Swiss National Bank grew its stake in shares of Brinker International by 1.8% in the 4th quarter. Swiss National Bank now owns 105,900 shares of the restaurant operator’s stock valued at $3,379,000 after purchasing an additional 1,900 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Brinker International in the 3rd quarter valued at approximately $305,000. Caxton Associates LP purchased a new position in shares of Brinker International in the 3rd quarter valued at approximately $289,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $143,000.

Brinker International Trading Down 3.3 %

Brinker International stock opened at $38.62 on Tuesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 19.81, a PEG ratio of 2.05 and a beta of 2.37. The stock has a fifty day moving average price of $38.15 and a 200 day moving average price of $37.06. Brinker International, Inc. has a 52 week low of $21.47 and a 52 week high of $42.12.

Brinker International (NYSE:EAT – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. Brinker International had a negative return on equity of 44.32% and a net margin of 2.17%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts predict that Brinker International, Inc. will post 2.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Northcoast Research assumed coverage on Brinker International in a research note on Tuesday, May 2nd. They issued a “neutral” rating on the stock. BMO Capital Markets lifted their target price on Brinker International from $45.00 to $48.00 in a research note on Thursday, May 4th. StockNews.com downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Bank of America lifted their price target on Brinker International from $29.00 to $33.00 in a research note on Tuesday, May 2nd. Finally, Citigroup lifted their price target on Brinker International from $42.00 to $43.00 in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.67.

About Brinker International

(Get Rating)

Brinker International, Inc engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S.

See Also

Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT – Get Rating).

Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.