Rhumbline Advisers Sells 8,453 Shares of Brinker International, Inc. (NYSE:EAT)

Rhumbline Advisers trimmed its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 6.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,090 shares of the restaurant operator’s stock after selling 8,453 shares during the quarter. Rhumbline Advisers’ holdings in Brinker International were worth $9,562,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Brinker International during the 1st quarter worth approximately $25,000. TFO Wealth Partners LLC boosted its position 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 acquiring an additional 648 shares during the last quarter. CWM LLC boosted its position 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 acquiring an additional 204 shares during the last quarter. Headlands Technologies LLC acquired a new position in Brinker International during the 1st quarter worth approximately $47,000. Finally, Hollencrest Capital Management acquired a new position in Brinker International during the 1st quarter worth approximately $50,000.

Brinker International Stock Down 1.0 %

EAT stock opened at $69.28 on Friday. 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 stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.13 and a beta of 2.52. The business’s fifty day moving average price is $67.16 and its two-hundred day moving average price is $60.55. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $76.02.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share 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 the consensus estimate of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. On average, equities analysts anticipate that Brinker International, Inc. will post 4.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Bank of America increased their price objective on Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a report on Thursday, August 15th. Wedbush reissued a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a report on Thursday, August 15th. JPMorgan Chase & Co. increased their price objective on Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Raymond James downgraded Brinker International from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $62.00 to $82.50 in a report on Monday, July 8th. Three research 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.85.

About Brinker International

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.