Sei Investments Co. Acquires 29,429 Shares of Brinker International, Inc. $EAT

Sei Investments Co. increased its holdings in shares of Brinker International, Inc. (NYSE:EATFree Report) by 106.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 57,169 shares of the restaurant operator’s stock after acquiring an additional 29,429 shares during the period. Sei Investments Co.’s holdings in Brinker International were worth $8,162,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. UBS Group AG boosted its stake in shares of Brinker International by 103.2% during the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after buying an additional 1,511,266 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the period. Norges Bank bought a new position in Brinker International during the 4th quarter worth $83,603,000. Capital World Investors boosted its position in shares of Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after acquiring an additional 558,799 shares during the period. Finally, Samlyn Capital LLC grew its stake in shares of Brinker International by 104.9% in the third quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock valued at $111,299,000 after acquiring an additional 449,871 shares in the last quarter.

Brinker International Trading Up 0.0%

EAT opened at $213.76 on Monday. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $214.23. The company has a 50-day simple moving average of $169.10 and a 200 day simple moving average of $156.02. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.27 and a beta of 1.23.

Analyst Upgrades and Downgrades

EAT has been the subject of several analyst reports. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Barclays increased their target price on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Citigroup lifted their price target on shares of Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, KeyCorp boosted their price target on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.25.

View Our Latest Report on Brinker International

About Brinker International

(Free Report)

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

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