Atomi Financial Group Inc. Acquires New Shares in Brinker International, Inc. (NYSE:EAT)

Atomi Financial Group Inc. acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,299 shares of the restaurant operator’s stock, valued at approximately $304,000.

Several other hedge funds also recently bought and sold shares of EAT. Mercer Global Advisors Inc. ADV increased its position in Brinker International by 28.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,758 shares of the restaurant operator’s stock worth $489,000 after buying an additional 1,485 shares in the last quarter. Intech Investment Management LLC purchased a new position in Brinker International during the second quarter worth $349,000. Evergreen Capital Management LLC purchased a new position in Brinker International during the second quarter worth $231,000. Bank of Montreal Can increased its position in Brinker International by 26.7% during the second quarter. Bank of Montreal Can now owns 7,378 shares of the restaurant operator’s stock worth $548,000 after buying an additional 1,557 shares in the last quarter. Finally, Xponance Inc. purchased a new position in Brinker International during the second quarter worth $202,000.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is owned by corporate insiders.

Brinker International Stock Down 3.2 %

Shares of NYSE:EAT opened at $149.63 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. Brinker International, Inc. has a 52-week low of $39.11 and a 52-week high of $155.13. The company has a 50 day moving average of $134.65 and a two-hundred day moving average of $98.62. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 1.56 and a beta of 2.52.

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, beating 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 during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $0.28 earnings per share. Brinker International’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts forecast that Brinker International, Inc. will post 5.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EAT shares. Evercore ISI raised their price objective on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Piper Sandler raised their price objective on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on Brinker International from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup raised their price objective on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets cut Brinker International from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $80.00 to $105.00 in a report on Thursday, October 31st. Sixteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.45.

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.