Victory Capital Management Inc. Has $1.24 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Victory Capital Management Inc. decreased its position in shares of Brinker International, Inc. (NYSE:EAT) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,143 shares of the restaurant operator’s stock after selling 1,200 shares during the period. Victory Capital Management Inc.’s holdings in Brinker International were worth $1,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc acquired a new stake in Brinker International during the second quarter valued at $220,000. Ritholtz Wealth Management bought a new position in Brinker International during the second quarter valued at about $515,000. nVerses Capital LLC acquired a new stake in shares of Brinker International in the second quarter worth about $166,000. Rothschild Investment LLC bought a new stake in shares of Brinker International during the 2nd quarter worth about $227,000. Finally, Fortis Group Advisors LLC bought a new stake in shares of Brinker International during the 2nd quarter worth about $407,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on EAT. Stifel Nicolaus upped their price target on Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley upped their price target on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 16th. Wedbush reiterated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. BMO Capital Markets decreased their price target on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Finally, Barclays upped their price target on Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.85.

Brinker International Stock Up 4.9 %

NYSE EAT opened at $77.70 on Friday. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. The firm has a 50-day simple moving average of $67.55 and a 200 day simple moving average of $61.39. Brinker International, Inc. has a twelve month low of $28.23 and a twelve month high of $77.80. The stock has a market cap of $3.46 billion, a PE ratio of 23.06, a PEG ratio of 1.14 and a beta of 2.52.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business posted $1.39 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts forecast that Brinker International, Inc. will post 4.64 EPS for the current year.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.