Public Sector Pension Investment Board Acquires 7,268 Shares of Brinker International, Inc. (NYSE:EAT)

Public Sector Pension Investment Board boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,928 shares of the restaurant operator’s stock after acquiring an additional 7,268 shares during the period. Public Sector Pension Investment Board owned 0.22% of Brinker International worth $7,089,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Divisadero Street Capital Management LP purchased a new position in shares of Brinker International during the second quarter valued at approximately $2,871,000. Intech Investment Management LLC purchased a new position in Brinker International during the second quarter valued at $349,000. XTX Topco Ltd purchased a new position in Brinker International during the second quarter valued at $812,000. Seven Eight Capital LP boosted its holdings in Brinker International by 257.4% in the second quarter. Seven Eight Capital LP now owns 29,843 shares of the restaurant operator’s stock worth $2,160,000 after acquiring an additional 21,494 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Brinker International by 28.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,758 shares of the restaurant operator’s stock worth $489,000 after acquiring an additional 1,485 shares during the last quarter.

Brinker International Stock Performance

Shares of EAT opened at $77.16 on Wednesday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 22.90, a PEG ratio of 1.14 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, Inc. has a one year low of $28.23 and a one year high of $79.85. The business has a fifty day moving average of $68.58 and a 200 day moving average of $62.31.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brinker International, Inc. will post 4.64 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Bank of America upped their target price on shares of Brinker International from $58.00 to $63.00 and gave the stock an “underperform” rating in a research note on Thursday, August 15th. Barclays raised their price target on shares of Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Raymond James cut Brinker International from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $62.00 to $82.50 in a research report on Monday, July 8th. Finally, Evercore ISI lifted their target price on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.53.

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.