Fox Run Management L.L.C. purchased a new position in Brinker International, Inc. (NYSE:EAT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,300 shares of the restaurant operator’s stock, valued at approximately $296,000.

Several other large investors have also bought and sold shares of EAT. UBS Asset Management Americas Inc. lifted its position in shares of Brinker International by 14.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,808 shares of the restaurant operator’s stock worth $1,838,000 after purchasing an additional 5,350 shares during the last quarter. FMR LLC lifted its position in shares of Brinker International by 114.0% during the 1st quarter. FMR LLC now owns 495,250 shares of the restaurant operator’s stock worth $21,771,000 after purchasing an additional 263,790 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Brinker International by 16.3% during the 1st quarter. Legal & General Group Plc now owns 44,328 shares of the restaurant operator’s stock worth $1,949,000 after purchasing an additional 6,210 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Brinker International by 8.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,245 shares of the restaurant operator’s stock worth $406,000 after purchasing an additional 690 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Brinker International by 15.4% during the 1st quarter. Vanguard Group Inc. now owns 5,544,617 shares of the restaurant operator’s stock worth $243,741,000 after purchasing an additional 738,302 shares during the last quarter.

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Brinker International, Inc. (EAT) opened at $32.80 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of -2.51. The company has a market cap of $1.55 billion, a PE ratio of 10.12, a P/E/G ratio of 0.74 and a beta of 0.16.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million during the quarter, compared to the consensus estimate of $749.05 million. Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. analysts anticipate that Brinker International, Inc. will post 3.22 earnings per share for the current fiscal year.

Brinker International declared that its board has approved a share repurchase plan on Thursday, August 10th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire up to 14.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

EAT has been the subject of a number of research reports. Telsey Advisory Group reduced their price target on shares of Brinker International from $49.00 to $40.00 and set a “market perform” rating for the company in a research report on Monday, July 17th. Barclays PLC reduced their price target on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Brinker International from a “hold” rating to a “strong sell” rating in a report on Friday, July 21st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Brinker International in a report on Monday, July 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $50.00 target price on shares of Brinker International in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.50.

In other news, Director Michael A. George bought 16,450 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $30.31 per share, for a total transaction of $498,599.50. Following the completion of the transaction, the director now owns 49,952 shares of the company’s stock, valued at $1,514,045.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.91% of the stock is owned by insiders.

Brinker International Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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