Deutsche Bank AG Grows Stake in Brinker International, Inc. (NYSE:EAT)

Deutsche Bank AG grew its holdings in Brinker International, Inc. (NYSE:EAT) by 27.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 96,865 shares of the restaurant operator’s stock after buying an additional 20,680 shares during the quarter. Deutsche Bank AG’s holdings in Brinker International were worth $4,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of EAT. Amundi Pioneer Asset Management Inc. raised its position in shares of Brinker International by 2.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 504,946 shares of the restaurant operator’s stock valued at $22,409,000 after purchasing an additional 10,023 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Brinker International by 50.2% in the second quarter. Envestnet Asset Management Inc. now owns 12,624 shares of the restaurant operator’s stock valued at $781,000 after purchasing an additional 4,221 shares during the period. Citigroup Inc. raised its position in shares of Brinker International by 9.4% in the second quarter. Citigroup Inc. now owns 427,390 shares of the restaurant operator’s stock valued at $26,434,000 after purchasing an additional 36,864 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Brinker International by 5.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 17,521 shares of the restaurant operator’s stock valued at $1,084,000 after purchasing an additional 897 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Brinker International by 59.0% in the second quarter. BNP Paribas Arbitrage SA now owns 76,183 shares of the restaurant operator’s stock valued at $4,712,000 after purchasing an additional 28,263 shares during the period. 94.07% of the stock is currently owned by institutional investors.

In other news, SVP Daniel S. Fuller purchased 1,275 shares of the company’s stock in a transaction on Monday, November 29th. The stock was acquired at an average price of $35.42 per share, with a total value of $45,160.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Wyman Roberts sold 13,665 shares of the stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $36.87, for a total transaction of $503,828.55. The disclosure for this sale can be found here. Corporate insiders own 4.21% of the company’s stock.

Shares of Brinker International stock opened at $36.43 on Friday. Brinker International, Inc. has a 52-week low of $33.52 and a 52-week high of $78.33. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.00 and a beta of 2.64. The company has a fifty day moving average of $37.78 and a 200-day moving average of $47.30.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, November 3rd. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.34. Brinker International had a net margin of 3.86% and a negative return on equity of 40.62%. The company had revenue of $859.60 million during the quarter, compared to analysts’ expectations of $925.88 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Brinker International, Inc. will post 3.62 earnings per share for the current year.

Several research firms have recently issued reports on EAT. Stephens lowered their price target on shares of Brinker International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 21st. Raymond James decreased their target price on shares of Brinker International from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, November 4th. Wells Fargo & Company decreased their target price on shares of Brinker International from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, October 21st. KeyCorp decreased their target price on shares of Brinker International from $63.00 to $58.00 and set an “overweight” rating on the stock in a report on Monday, October 18th. They noted that the move was a valuation call. Finally, Morgan Stanley decreased their target price on shares of Brinker International from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Brinker International currently has an average rating of “Buy” and an average target price of $57.71.

Brinker International Profile

Brinker International, Inc engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S.

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

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