Brinker International, Inc. (NYSE:EAT) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in shares of Brinker International, Inc. (NYSE:EAT) by 12.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,343 shares of the restaurant operator’s stock after selling 784 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Brinker International were worth $387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Brinker International during the 2nd quarter valued at about $349,000. XTX Topco Ltd purchased a new stake in Brinker International in the 2nd quarter worth $812,000. Seven Eight Capital LP raised its position in Brinker International by 257.4% during 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 during the period. Mercer Global Advisors Inc. ADV raised its position in Brinker International by 28.2% during 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 period. Finally, Edgestream Partners L.P. acquired a new position in shares of Brinker International during the 2nd quarter worth about $297,000.

Brinker International Price Performance

Shares of NYSE:EAT opened at $75.62 on Friday. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International, Inc. has a one year low of $28.23 and a one year high of $79.85. The company has a 50-day simple moving average of $69.19 and a 200-day simple moving average of $62.69. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.27 and a beta of 2.52.

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

Analysts Set New Price Targets

Several research firms recently issued reports on EAT. Stifel Nicolaus lifted their price objective on Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. BMO Capital Markets dropped their price target on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Raymond James cut shares of Brinker International from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $62.00 to $82.50 in a research report on Monday, July 8th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 price objective on the stock in a report on Thursday, August 15th. Finally, Evercore ISI boosted their price target on shares of Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.53.

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.