Northwestern Mutual Wealth Management Co. grew its position in Brinker International, Inc. (NYSE:EAT – Free Report) by 183,144.3% during the fourth quarter, HoldingsChannel reports. The firm owned 256,542 shares of the restaurant operator’s stock after buying an additional 256,402 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Brinker International were worth $36,819,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of EAT. Caitong International Asset Management Co. Ltd bought a new position in shares of Brinker International in the third quarter valued at approximately $25,000. Allworth Financial LP raised its position in shares of Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares during the period. Salomon & Ludwin LLC raised its position in shares of Brinker International by 45.1% in the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 93 shares during the period. First Horizon Corp raised its position in shares of 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 purchasing an additional 181 shares during the period. Finally, Quarry LP raised its position in shares of Brinker International by 52.2% in the third quarter. Quarry LP now owns 615 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 211 shares during the period.
Brinker International Trading Down 3.8%
Shares of EAT stock opened at $132.04 on Tuesday. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $187.12. The firm’s fifty day simple moving average is $144.19 and its 200 day simple moving average is $144.69. The firm has a market capitalization of $5.66 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.32. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. The Goldman Sachs Group lifted their price target on shares of Brinker International from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Piper Sandler boosted their target price on shares of Brinker International from $140.00 to $166.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Zacks Research lowered shares of Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.11.
Check Out Our Latest Report on Brinker International
Brinker International Profile
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.
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