New York State Teachers Retirement System Sells 4,200 Shares of Brinker International, Inc. (NYSE:EAT)

New York State Teachers Retirement System reduced its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,683 shares of the restaurant operator's stock after selling 4,200 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Brinker International worth $9,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after buying an additional 161 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of Brinker International in the fourth quarter valued at $26,000. Financial Management Professionals Inc. purchased a new position in shares of Brinker International in the first quarter valued at $30,000. Continuum Advisory LLC grew its position in shares of Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 240 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Brinker International in the fourth quarter valued at $48,000.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $135.91, for a total transaction of $319,388.50. Following the completion of the sale, the chief operating officer owned 20,591 shares of the company's stock, valued at $2,798,522.81. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the sale, the director directly owned 8,568 shares of the company's stock, valued at approximately $1,158,650.64. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,127 shares of company stock valued at $2,128,062 over the last 90 days. Insiders own 1.72% of the company's stock.

Brinker International Price Performance

EAT stock traded down $2.05 during mid-day trading on Tuesday, hitting $171.37. 1,156,553 shares of the stock were exchanged, compared to its average volume of 1,483,271. 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 business has a fifty day moving average price of $163.46 and a 200 day moving average price of $154.93. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.45 and a beta of 1.70.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results 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 return on equity of 333.03% and a net margin of 6.50%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company's revenue was up 27.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EAT. JPMorgan Chase & Co. lifted 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. Barclays reduced their price target on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus lifted 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 for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company reduced their price target on Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $144.75.

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.