SG Americas Securities LLC Sells 2,169 Shares of Brinker International, Inc. (NYSE:EAT)

SG Americas Securities LLC lowered its holdings in Brinker International, Inc. (NYSE:EAT) by 44.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,695 shares of the restaurant operator’s stock after selling 2,169 shares during the period. SG Americas Securities LLC’s holdings in Brinker International were worth $206,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of Brinker International during the 1st quarter worth approximately $25,000. CWM LLC lifted its holdings in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the period. Headlands Technologies LLC bought a new stake in shares of Brinker International during the 1st quarter worth approximately $47,000. Hollencrest Capital Management bought a new stake in shares of Brinker International during the 1st quarter worth approximately $50,000. Finally, Covestor Ltd lifted its holdings in shares of Brinker International by 32,500.0% during the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,300 shares during the period.

Brinker International Trading Down 0.8 %

Shares of NYSE EAT opened at $92.92 on Wednesday. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International, Inc. has a 52-week low of $31.95 and a 52-week high of $94.39. The firm has a 50 day moving average price of $75.76 and a two-hundred day moving average price of $67.05. The stock has a market cap of $4.13 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.39 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that Brinker International, Inc. will post 4.66 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EAT. Bank of America upped their price target on shares of Brinker International from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday. Stifel Nicolaus upped their price target on shares of Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Wells Fargo & Company increased their price objective on shares of Brinker International from $50.00 to $85.00 and gave the company an “underweight” rating in a research note on Monday. Raymond James downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their price objective on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brinker International has a consensus rating of “Hold” and an average target price of $74.62.

Brinker International 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.