Quantbot Technologies LP Sells 47,815 Shares of Brinker International, Inc. (NYSE:EAT)

Quantbot Technologies LP trimmed its stake in Brinker International, Inc. (NYSE:EAT) by 75.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,318 shares of the restaurant operator’s stock after selling 47,815 shares during the period. Quantbot Technologies LP’s holdings in Brinker International were worth $1,172,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EAT. CWM LLC increased its stake in Brinker International by 96.2% during the second 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 period. Signaturefd LLC increased its position in shares of Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares during the period. Quest Partners LLC raised its stake in shares of Brinker International by 1,265.2% in the second quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock valued at $136,000 after purchasing an additional 1,746 shares in the last quarter. Fifth Third Bancorp lifted its position 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 during the period. Finally, nVerses Capital LLC bought a new position in Brinker International in the second quarter worth $166,000.

Insider Buying and Selling

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 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.72% of the company’s stock.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of recent research reports. Evercore ISI increased their price objective on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. Bank of America increased their price target on shares of Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. downgraded Brinker International from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $67.00 to $100.00 in a report on Thursday, October 31st. Argus lowered Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Raymond James downgraded Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and an average price target of $86.45.

Brinker International Price Performance

EAT opened at $132.27 on Friday. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The stock has a market capitalization of $5.88 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.44 and a beta of 2.46. The company’s 50 day simple moving average is $100.93 and its 200-day simple moving average is $79.60. Brinker International, Inc. has a one year low of $35.60 and a one year high of $133.82.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Sell-side analysts anticipate that Brinker International, Inc. will post 5.52 earnings per share for the current fiscal year.

Brinker International Company 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.