Brinker International, Inc. (NYSE:EAT) Stake Decreased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its position in shares of Brinker International, Inc. (NYSE:EAT) by 20.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,239 shares of the restaurant operator’s stock after selling 32,150 shares during the period. Brinker International makes up 1.0% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 6th largest holding. Landscape Capital Management L.L.C. owned about 0.28% of Brinker International worth $9,585,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Brinker International in the first quarter worth $25,000. CWM LLC increased its stake in 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 buying an additional 204 shares during the period. Covestor Ltd lifted its holdings in Brinker International by 32,500.0% during the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,300 shares in the last quarter. Signaturefd LLC boosted its position in Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 246 shares during the period. Finally, Quest Partners LLC grew 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 worth $136,000 after acquiring an additional 1,746 shares in the last quarter.

Analysts Set New Price Targets

EAT has been the subject of several research analyst reports. KeyCorp lifted their price target on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Bank Of America (Bofa) raised their price target on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. BMO Capital Markets lowered 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 note on Thursday, October 31st. Finally, Stifel Nicolaus raised their target price on shares of Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.45.

Insider Buying and Selling

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.72% of the stock is owned by corporate insiders.

Brinker International Trading Up 2.1 %

Shares of Brinker International stock opened at $124.74 on Thursday. Brinker International, Inc. has a 12-month low of $34.77 and a 12-month high of $124.93. The firm’s 50 day simple moving average is $93.16 and its two-hundred day simple moving average is $76.29. 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 $5.54 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.35 and a beta of 2.46.

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 analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $1.14 billion during 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 firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Analysts predict that Brinker International, Inc. will post 5.52 EPS for the current year.

About Brinker International

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.