Citadel Ramps Up Brinker International Stake ~ market folly

Wednesday, December 12, 2012

Citadel Ramps Up Brinker International Stake

Ken Griffin's investment firm Citadel has filed a 13G with the SEC regarding shares of Brinker International (EAT).  Per the filing, Citadel has disclosed a 5.5% ownership stake in EAT with 4,014,981 shares.

This marks a sizable increase in their stake and the filing was required due to portfolio activity on December 7th.  The number of shares they own has increased by 4,752% since the end of the third quarter as they only held a tiny position then.

Per Google Finance, Brinker International "owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands."

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