New York State Teachers Retirement System Reduces Position in Brinker International, Inc. (NYSE:EAT)

New York State Teachers Retirement System decreased its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,683 shares of the restaurant operator's stock after selling 4,200 shares during the period. New York State Teachers Retirement System owned about 0.14% of Brinker International worth $9,492,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EAT. Coppell Advisory Solutions LLC acquired a new position in Brinker International during the 4th quarter worth about $26,000. Farther Finance Advisors LLC lifted its stake in Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Brinker International during the 1st quarter worth about $30,000. Continuum Advisory LLC lifted its stake in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 240 shares in the last quarter. Finally, Quarry LP acquired a new position in Brinker International during the 4th quarter worth about $48,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Stifel Nicolaus increased their price target on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Citigroup reduced their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays reduced their price target on Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $144.75.

Brinker International Stock Down 5.1%

Shares of EAT traded down $9.28 during mid-day trading on Monday, reaching $173.49. The company's stock had a trading volume of 1,847,791 shares, compared to its average volume of 1,486,436. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.22. The stock has a market cap of $7.71 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.47 and a beta of 1.70. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.28 and a quick ratio of 0.23. The company's 50 day moving average is $162.77 and its 200 day moving average is $154.82.

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

Insider Buying and Selling

In related news, Director Ramona Hood sold 777 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the transaction, the director owned 8,568 shares in the company, valued at $1,158,650.64. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the transaction, the chief operating officer owned 20,591 shares in the company, valued at $2,798,522.81. This represents a 10.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,127 shares of company stock worth $2,128,062 in the last quarter. 1.72% of the stock is owned by insiders.

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.