California State Teachers Retirement System Has $8.47 Million Position in Brinker International, Inc. $EAT

California State Teachers Retirement System lessened its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,424 shares of the restaurant operator's stock after selling 1,170 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Brinker International worth $8,471,232 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nilsine Partners LLC grew its holdings in Brinker International by 3.5% during the 2nd quarter. Nilsine Partners LLC now owns 19,541 shares of the restaurant operator's stock worth $3,283,000 after acquiring an additional 665 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Brinker International by 5.7% during the second quarter. Concurrent Investment Advisors LLC now owns 4,528 shares of the restaurant operator's stock valued at $761,000 after buying an additional 246 shares during the last quarter. AXQ Capital LP bought a new position in shares of Brinker International in the second quarter worth approximately $586,000. Nykredit A S purchased a new position in Brinker International in the second quarter worth about $281,000. Finally, Quantitative Investment Management LLC bought a new position in Brinker International in the second quarter worth about $776,000.

Insider Buying and Selling

In related news, SVP James M. Butler sold 10,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $240.37, for a total value of $2,403,700.00. Following the sale, the senior vice president directly owned 9,064 shares of the company's stock, valued at approximately $2,178,713.68. The trade was a 52.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP George S. Felix sold 14,349 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the transaction, the executive vice president owned 6,293 shares of the company's stock, valued at approximately $1,494,398.71. This represents a 69.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 173,694 shares of company stock valued at $41,568,690. Company insiders own 1.43% of the company's stock.

Brinker International Trading Down 5.9%

EAT traded down $12.53 on Tuesday, hitting $201.63. The company had a trading volume of 694,909 shares, compared to its average volume of 1,140,577. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $254.99. The business's fifty day simple moving average is $215.29 and its 200 day simple moving average is $171.48. The company has a market cap of $8.42 billion, a PE ratio of 18.51, a PEG ratio of 1.10 and a beta of 1.25.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities research analysts expect that Brinker International, Inc. will post 13.24 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on EAT. UBS Group upped their price objective on shares of Brinker International from $190.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, August 10th. TD Cowen boosted their target price on Brinker International from $210.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Wells Fargo & Company boosted their target price on shares of Brinker International from $220.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Northcoast Research lowered Brinker International from a "buy" rating to a "neutral" rating in a research report on Friday, August 14th. Finally, Bank of America upped their target price on Brinker International from $224.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $243.30.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili's Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano's Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili's restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano's locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.

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