Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in Brinker International, Inc. (NYSE:EAT)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Brinker International, Inc. (NYSE:EAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,000 shares of the restaurant operator’s stock, valued at approximately $7,818,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new position in Brinker International during the 1st quarter worth approximately $25,000. TFO Wealth Partners LLC lifted its holdings in Brinker International by 64,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after buying an additional 648 shares during the last quarter. 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 worth $30,000 after buying an additional 204 shares during the last quarter. Headlands Technologies LLC bought a new position in Brinker International during the 1st quarter worth approximately $47,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Brinker International during the 1st quarter worth approximately $50,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 16th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price target on the stock in a research report on Thursday, August 15th. Stifel Nicolaus increased their price target on Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Evercore ISI increased their price target on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Company raised their target price on Brinker International from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Brinker International presently has an average rating of “Hold” and an average target price of $63.53.

Brinker International Stock Performance

EAT opened at $83.82 on Friday. The firm has a market cap of $3.73 billion, a PE ratio of 24.87, a P/E/G ratio of 1.27 and a beta of 2.51. The business has a fifty day simple moving average of $70.32 and a 200-day simple moving average of $63.54. 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 fifty-two week low of $28.23 and a fifty-two week high of $83.93.

Brinker International (NYSE:EAT) last issued 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). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. As a group, equities analysts predict that Brinker International, Inc. will post 4.64 EPS for the current fiscal 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.