Brinker International, Inc. $EAT Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Brinker International, Inc. (NYSE:EAT) by 301.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,641 shares of the restaurant operator’s stock after purchasing an additional 20,764 shares during the period. Quantinno Capital Management LP’s holdings in Brinker International were worth $3,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EAT. Transamerica Financial Advisors LLC increased its position in Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 154 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brinker International in the third quarter valued at approximately $25,000. Allworth Financial LP grew its holdings in Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 83 shares during the period. Salomon & Ludwin LLC raised its position in Brinker International by 45.1% in the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 93 shares in the last quarter. Finally, First Horizon Corp lifted its holdings in Brinker International by 116.0% in the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 181 shares during the period.

Analyst Ratings Changes

EAT has been the topic of a number of recent analyst reports. TD Cowen upped their price target on shares of Brinker International from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Stephens began coverage on shares of Brinker International in a report on Friday, July 17th. They set an “overweight” rating and a $220.00 price objective on the stock. Barclays upped their target price on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Citigroup lifted their price target on shares of Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, KeyCorp boosted their price target on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Brinker International currently has an average rating of “Moderate Buy” and an average price target of $193.25.

Brinker International Price Performance

Shares of NYSE:EAT opened at $224.82 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The business’s fifty day moving average price is $177.52 and its two-hundred day moving average price is $158.17. The stock has a market cap of $9.64 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24. Brinker International, Inc. has a one year low of $100.30 and a one year high of $229.99.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full?service restaurants, offering a range of American?style menu items, handcrafted cocktails and family?friendly dining experiences. Through dine?in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited?time offerings and seasonal beverages.