Public Employees Retirement Association of Colorado Reduces Stock Position in Brinker International, Inc. (NYSE:EAT)

Public Employees Retirement Association of Colorado decreased its holdings in Brinker International, Inc. (NYSE:EAT) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,343 shares of the restaurant operator’s stock after selling 784 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Brinker International were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EAT. CWM LLC lifted its holdings in Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 204 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Brinker International during the first quarter valued at approximately $25,000. TFO Wealth Partners LLC boosted its holdings in shares of Brinker International by 64,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 648 shares during the period. Headlands Technologies LLC bought a new position in Brinker International in the first quarter worth approximately $47,000. Finally, Signaturefd LLC increased its holdings in Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on EAT. Raymond James lowered Brinker International from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $62.00 to $82.50 in a research note on Monday, July 8th. KeyCorp raised shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research report on Thursday, August 15th. Wells Fargo & Company upped their price target on shares of Brinker International from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Thursday, August 15th. Bank of America lifted their price objective on shares of Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a report on Thursday, August 15th. Finally, Wedbush restated a “neutral” rating and set a $68.00 target price on shares of Brinker International in a report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.53.

Brinker International Stock Performance

EAT opened at $75.62 on Friday. The firm’s 50-day moving average price is $69.19 and its 200-day moving average price is $62.69. The company has a market cap of $3.36 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.27 and a beta of 2.52. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. Brinker International, Inc. has a 52-week low of $28.23 and a 52-week high of $79.85.

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

Brinker International 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.