XTX Topco Ltd Invests $812,000 in Brinker International, Inc. (NYSE:EAT)

XTX Topco Ltd acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,214 shares of the restaurant operator’s stock, valued at approximately $812,000.

Several other hedge funds have also modified their holdings of the company. Seven Eight Capital LP raised its holdings in shares of Brinker International by 257.4% during the 2nd quarter. Seven Eight Capital LP now owns 29,843 shares of the restaurant operator’s stock worth $2,160,000 after acquiring an additional 21,494 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Brinker International by 28.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,758 shares of the restaurant operator’s stock valued at $489,000 after purchasing an additional 1,485 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Brinker International during the 2nd quarter valued at approximately $297,000. Renaissance Technologies LLC increased its position in shares of Brinker International by 15.9% during the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock valued at $21,406,000 after purchasing an additional 40,500 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Brinker International during the 2nd quarter valued at approximately $4,570,000.

Brinker International Trading Down 1.4 %

Shares of NYSE EAT opened at $76.65 on Monday. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The stock has a market capitalization of $3.41 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52. Brinker International, Inc. has a 1-year low of $28.23 and a 1-year high of $78.09. The business has a fifty day moving average price of $68.05 and a 200 day moving average price of $61.90.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. Equities research analysts expect that Brinker International, Inc. will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EAT shares. Evercore ISI boosted their target price on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their target price on Brinker International from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Bank of America upped their price objective on Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research report on Thursday, August 15th. KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price objective on the stock in a research report on Thursday, August 15th. Finally, Stifel Nicolaus upped their price objective on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $63.53.

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.