Teacher Retirement System of Texas Boosts Stake in Brinker International, Inc. (NYSE:EAT)

Teacher Retirement System of Texas raised its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 72.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,885 shares of the restaurant operator's stock after acquiring an additional 23,554 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Brinker International worth $8,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its stake in shares of Brinker International by 5.2% during the 4th quarter. US Bancorp DE now owns 9,132 shares of the restaurant operator's stock valued at $1,208,000 after purchasing an additional 450 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Brinker International in the fourth quarter worth $126,000. Victory Capital Management Inc. grew its position in shares of Brinker International by 22.5% during the 4th quarter. Victory Capital Management Inc. now owns 19,983 shares of the restaurant operator's stock worth $2,644,000 after buying an additional 3,675 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Brinker International during the fourth quarter valued at about $10,745,000. Finally, Arizona State Retirement System raised its holdings in shares of Brinker International by 1.4% in the fourth quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator's stock worth $1,718,000 after buying an additional 178 shares during the last quarter.

Brinker International Stock Performance

Brinker International stock traded down $0.48 during trading hours on Wednesday, hitting $170.80. The company had a trading volume of 832,496 shares, compared to its average volume of 1,480,902. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.22. The firm has a 50-day moving average of $163.46 and a 200 day moving average of $154.93. The firm has a market cap of $7.59 billion, a PE ratio of 23.57, a PEG ratio of 0.45 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.

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 (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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $1.24 EPS. Brinker International's revenue for the quarter was up 27.2% compared to the same quarter last year. On average, sell-side analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent research reports. 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. Stifel Nicolaus boosted their price objective on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Barclays lowered their price objective on Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Finally, Citigroup cut their price objective on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $148.41.

Insider Activity at Brinker International

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the sale, the director owned 99,297 shares of the company's stock, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of Brinker International 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 transaction, the chief operating officer owned 20,591 shares in the company, valued at approximately $2,798,522.81. This trade represents a 10.24% decrease in their position. 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 over the last 90 days. 1.72% of the stock is owned by insiders.

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.