King Luther Capital Management Corp Has $1.18 Million Holdings in Brinker International, Inc. (NYSE:EAT)

King Luther Capital Management Corp lowered its stake in Brinker International, Inc. (NYSE:EAT) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,374 shares of the restaurant operator’s stock after selling 350 shares during the quarter. King Luther Capital Management Corp’s holdings in Brinker International were worth $1,177,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new stake in Brinker International in the first quarter valued at $25,000. CWM LLC lifted its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 204 shares in the last quarter. Signaturefd LLC increased its stake in Brinker International by 33.2% during 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 raised its holdings in 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 buying an additional 1,746 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Brinker International by 1,111.8% in the second quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 2,079 shares in the last quarter.

Insider Buying and Selling at Brinker International

In other Brinker International 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 value of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares of the company’s stock, valued at $2,376,774.42. This trade represents a 13.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler raised their price target 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. Evercore ISI raised their price objective on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. UBS Group raised their price target on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. BMO Capital Markets downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. Finally, Argus downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.45.

Brinker International Stock Up 1.5 %

Brinker International stock opened at $125.62 on Friday. Brinker International, Inc. has a 1-year low of $34.77 and a 1-year high of $126.29. The firm has a 50 day simple moving average of $95.35 and a 200 day simple moving average of $77.23. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.37 and a beta of 2.46.

Brinker International (NYSE:EAT) last issued its quarterly earnings data 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 business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, analysts predict that Brinker International, Inc. will post 5.52 earnings per share for the current year.

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.