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

New York State Teachers Retirement System cut its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the SEC. 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 0.14% of Brinker International worth $9,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Brinker International by 3,277.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after acquiring an additional 958,101 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Brinker International in the fourth quarter valued at approximately $82,408,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Brinker International in the fourth quarter valued at approximately $61,929,000. American Century Companies Inc. boosted its stake in Brinker International by 4,710.3% in the fourth quarter. American Century Companies Inc. now owns 280,824 shares of the restaurant operator's stock valued at $37,150,000 after acquiring an additional 274,986 shares in the last quarter. Finally, Man Group plc boosted its stake in Brinker International by 293.6% in the fourth quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock valued at $31,658,000 after acquiring an additional 178,503 shares in the last quarter.

Insider Buying and Selling

In related news, Director Joseph Michael Depinto sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the sale, the director directly owned 99,297 shares of the company's stock, valued at $16,916,236.92. This represents a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ramona Hood sold 777 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 13,127 shares of company stock valued at $2,128,062 in the last ninety days. Company insiders own 1.72% of the company's stock.

Brinker International Stock Down 5.8%

EAT traded down $10.62 during trading hours on Monday, hitting $172.16. 982,205 shares of the company's stock were exchanged, compared to its average volume of 1,483,303. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.22. The firm has a 50 day moving average of $162.51 and a 200 day moving average of $154.54. The firm has a market cap of $7.65 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 0.47 and a beta of 1.70. The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $1.24 EPS. The firm's revenue for the quarter was up 27.2% on a year-over-year basis. Analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the topic of several recent analyst reports. Citigroup cut their price objective 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. lifted their price objective on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Stifel Nicolaus lifted their price objective on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company lowered 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. Finally, Barclays decreased their target price on shares of 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. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $144.75.

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.