State of New Jersey Common Pension Fund D Takes $1.96 Million Position in Brinker International, Inc. (NYSE:EAT)

State of New Jersey Common Pension Fund D purchased a new position in shares of Brinker International, Inc. (NYSE:EAT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,131 shares of the restaurant operator’s stock, valued at approximately $1,964,000. State of New Jersey Common Pension Fund D owned 0.06% of Brinker International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Brinker International by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after purchasing an additional 169 shares during the period. CWM LLC grew its position in Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares in the last quarter. Arizona State Retirement System increased its stake in Brinker International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after acquiring an additional 234 shares during the period. Quadrant Capital Group LLC raised its holdings in Brinker International by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 235 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 246 shares during the period.

Analysts Set New Price Targets

A number of analysts have weighed in on EAT shares. Raymond James cut shares of Brinker International from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $62.00 to $82.50 in a research note on Monday, July 8th. KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price for the company in a report on Thursday, August 15th. Bank of America lifted their price target on Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research note on Thursday, August 15th. Stifel Nicolaus upped their price objective on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $48.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.85.

Brinker International Stock Performance

Shares of EAT opened at $76.65 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. The firm’s fifty day simple moving average is $68.05 and its two-hundred day simple moving average is $61.81. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $78.09. The stock has a market capitalization of $3.41 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts predict 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.