Brinker International, Inc. (NYSE:EAT) Stock Position Lowered by Maverick Capital Ltd.

Maverick Capital Ltd. trimmed its holdings in Brinker International, Inc. (NYSE:EAT) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,120 shares of the restaurant operator’s stock after selling 1,658 shares during the quarter. Maverick Capital Ltd.’s holdings in Brinker International were worth $3,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EAT. Dimensional Fund Advisors LP lifted its holdings in shares of Brinker International by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after purchasing an additional 4,294 shares during the last quarter. Norges Bank purchased a new position in shares of Brinker International in the fourth quarter worth approximately $12,853,000. Quest Partners LLC acquired a new stake in shares of Brinker International during the fourth quarter valued at approximately $87,000. TFO Wealth Partners LLC lifted its position in shares of Brinker International by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 648 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in Brinker International in the 4th quarter worth approximately $584,000.

Brinker International Price Performance

NYSE EAT opened at $76.77 on Friday. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $79.85. The stock’s 50-day moving average is $69.01 and its two-hundred day moving average is $62.50. The firm has a market cap of $3.42 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.27 and a beta of 2.52. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share 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 the consensus estimate 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 revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. On average, analysts anticipate that Brinker International, Inc. will post 4.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on EAT shares. Barclays boosted their target price on shares of Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Bank of America raised their price objective on Brinker International from $58.00 to $63.00 and gave the stock an “underperform” rating in a research report on Thursday, August 15th. Raymond James cut Brinker International from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $62.00 to $82.50 in a research note on Monday, July 8th. Wedbush restated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Finally, BMO Capital Markets cut their price objective on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.53.

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.