SG Americas Securities LLC Has $181,000 Position in Brinker International, Inc. (NYSE:EAT)

Posted by Defense World Staff on May 13th, 2023

SG Americas Securities LLC reduced its stake in shares of Brinker International, Inc. (NYSE:EAT – Get Rating) by 54.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,679 shares of the restaurant operator’s stock after selling 6,861 shares during the quarter. SG Americas Securities LLC’s holdings in Brinker International were worth $181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Brinker International by 81.3% during the third quarter. Versant Capital Management Inc now owns 990 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 444 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Brinker International by 451.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,052 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 1,680 shares during the last quarter. MADDEN SECURITIES Corp bought a new position in shares of Brinker International during the 4th quarter worth approximately $64,000. Point72 Hong Kong Ltd acquired a new stake in shares of Brinker International during the 2nd quarter worth about $71,000. Finally, FourThought Financial LLC lifted its stake in shares of Brinker International by 36.0% during the 3rd quarter. FourThought Financial LLC now owns 4,806 shares of the restaurant operator’s stock worth $120,000 after buying an additional 1,273 shares during the last quarter.

Brinker International Price Performance

NYSE:EAT opened at $36.99 on Friday. Brinker International, Inc. has a 1 year low of $21.47 and a 1 year high of $42.12. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.96 and a beta of 2.36. The business has a 50 day simple moving average of $37.38 and a 200-day simple moving average of $36.20.

Brinker International (NYSE:EAT – Get Rating) last posted its earnings results on Wednesday, May 3rd. The restaurant operator reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. Brinker International had a net margin of 2.17% and a negative return on equity of 44.32%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. As a group, analysts expect that Brinker International, Inc. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EAT. BMO Capital Markets increased their price target on Brinker International from $45.00 to $48.00 in a research report on Thursday, May 4th. JPMorgan Chase & Co. upped their price target on Brinker International from $37.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, February 2nd. Northcoast Research started coverage on Brinker International in a research report on Tuesday, May 2nd. They issued a “neutral” rating for the company. Citigroup raised their price objective on shares of Brinker International from $42.00 to $43.00 in a research report on Thursday, May 4th. Finally, 51job reissued a “reiterates” rating on shares of Brinker International in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.81.

Brinker International Profile

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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.