Brinker International, Inc. (NYSE:EAT) Stock Holdings Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 322,683 shares of the restaurant operator's stock after selling 2,532 shares during the period. Bank of New York Mellon Corp owned about 0.73% of Brinker International worth $48,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. 44 Wealth Management LLC purchased a new stake in Brinker International during the first quarter worth about $1,464,000. Principal Financial Group Inc. boosted its holdings in Brinker International by 2.8% during the first quarter. Principal Financial Group Inc. now owns 295,622 shares of the restaurant operator's stock worth $44,062,000 after buying an additional 8,166 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Brinker International by 72.9% during the first quarter. Teacher Retirement System of Texas now owns 55,885 shares of the restaurant operator's stock worth $8,330,000 after buying an additional 23,554 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in Brinker International during the first quarter worth about $294,000. Finally, Vontobel Holding Ltd. raised its position in Brinker International by 10.0% during the first quarter. Vontobel Holding Ltd. now owns 3,182 shares of the restaurant operator's stock worth $474,000 after acquiring an additional 290 shares during the last quarter.

Insider Activity

In other news, Director Ramona Hood sold 777 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the transaction, the director directly owned 8,568 shares in the company, valued at approximately $1,158,650.64. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $135.91, for a total transaction of $319,388.50. Following the completion of the transaction, the chief operating officer owned 20,591 shares of the company's stock, valued at $2,798,522.81. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,127 shares of company stock worth $2,128,062. 1.72% of the stock is currently owned by company insiders.

Brinker International Trading Down 0.5%

Shares of Brinker International stock traded down $0.81 during trading hours on Thursday, hitting $165.37. The company's stock had a trading volume of 1,590,025 shares, compared to its average volume of 1,458,937. Brinker International, Inc. has a 1-year low of $56.27 and a 1-year high of $192.22. The business has a fifty day moving average of $168.00 and a 200 day moving average of $156.30. The company has a market capitalization of $7.35 billion, a PE ratio of 22.81, a P/E/G ratio of 0.43 and a beta of 1.70. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.18. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business's quarterly revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup reduced their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Barclays upped their price target on shares of Brinker International from $155.00 to $166.00 and gave the company an "equal weight" rating in a report on Thursday. Morgan Stanley upped their price target on shares of Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $151.94.

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.