Should You Consider Adding Brinker International (EAT) to Your Portfolio?

Choice Equities Capital Management, a hedge fund manager, released its third-quarter investor letter recently. You can view it here. In the third quarter, the fund returned -1.7% on a net basis compared to -2.2% loss for the Russell 2000 Index and -4.9% loss for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Choice Equities highlighted stocks like Brinker International, Inc. (NYSE:EAT) in the Q3 2022 investor letter. Headquartered in Dallas, Texas, Brinker International, Inc. (NYSE:EAT) is a restaurant operator. On December 13, 2022, Brinker International, Inc. (NYSE:EAT) stock closed at $35.54 per share. One-month return of Brinker International, Inc. (NYSE:EAT) was 3.58%, and its shares lost 0.08% of their value over the last 52 weeks. Brinker International, Inc. (NYSE:EAT) has a market capitalization of $1.473 billion.

Choice Equities made the following comment about Brinker International, Inc. (NYSE:EAT) in its Q3 2022 investor letter:

Brinker International, Inc. (NYSE:EAT), another stock trading at a single digit multiple of forward estimates that seems to be considerably more out of favor, could see earnings per share nearly double from their current rate in the next couple years if the new CEO is able to achieve the margin gains he has identified.”

Brinker International, Inc. (NYSE:EAT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Brinker International, Inc. (NYSE:EAT) at the end of the third quarter which was 23 in the previous quarter.

We discussed Brinker International, Inc. (NYSE:EAT) in another article and shared the best ice cream stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.