Brinker International, Inc. (NYSE:EAT) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brinker International, Inc. (NYSE:EAT) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,139 shares of the restaurant operator’s stock after purchasing an additional 1,819 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brinker International were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after acquiring an additional 1,106,046 shares during the period. Norges Bank purchased a new position in Brinker International during the fourth quarter worth approximately $12,853,000. Franklin Resources Inc. grew its holdings in Brinker International by 24.6% in the fourth quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock valued at $64,908,000 after purchasing an additional 296,785 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Brinker International by 1,686.8% in the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock valued at $13,969,000 after buying an additional 182,172 shares in the last quarter. Finally, AMJ Financial Wealth Management acquired a new position in shares of Brinker International during the 1st quarter worth approximately $7,848,000.

Brinker International Price Performance

Shares of EAT stock opened at $71.97 on Thursday. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The company has a market capitalization of $3.20 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.17 and a beta of 2.52. The firm’s 50-day moving average is $67.37 and its two-hundred day moving average is $59.62. Brinker International, Inc. has a 12 month low of $28.23 and a 12 month high of $76.02.

Brinker International (NYSE:EAT) last released its quarterly 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). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. Analysts predict that Brinker International, Inc. will post 4.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EAT shares. Wells Fargo & Company boosted their price target on shares of Brinker International from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Thursday, August 15th. Morgan Stanley upped their price target on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective on Brinker International from $48.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. 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. Finally, BMO Capital Markets lowered their price target on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.85.

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.