12,293 Shares in Brinker International, Inc. (NYSE:EAT) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,293 shares of the restaurant operator’s stock, valued at approximately $941,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EAT. CWM LLC grew its position in Brinker International by 96.2% in 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 last quarter. Signaturefd LLC increased its position in Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares in the last quarter. Quest Partners LLC lifted its stake in Brinker International by 1,265.2% in the 2nd 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 during the last quarter. Fifth Third Bancorp boosted 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 valued at $164,000 after buying an additional 2,079 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Brinker International during the second quarter worth $166,000.

Insider Transactions at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was 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 of the company’s stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EAT. BMO Capital Markets downgraded Brinker International from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $80.00 to $105.00 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. Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. UBS Group boosted their target price on shares of Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus raised their price target on shares of Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.45.

Brinker International Price Performance

Brinker International stock opened at $130.62 on Wednesday. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 1.39 and a beta of 2.46. Brinker International, Inc. has a 52-week low of $34.77 and a 52-week high of $131.46. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The stock’s 50 day moving average price is $96.52 and its two-hundred day moving average price is $77.87.

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