Teacher Retirement System of Texas Purchases Shares of 75,361 Brinker International, Inc. (NYSE:EAT)

Teacher Retirement System of Texas purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 75,361 shares of the restaurant operator's stock, valued at approximately $3,254,000. Teacher Retirement System of Texas owned approximately 0.17% of Brinker International at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Brinker International by 0.8% in the 3rd quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator's stock valued at $211,472,000 after purchasing an additional 54,628 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in Brinker International in the 3rd quarter valued at about $57,246,000. Charles Schwab Investment Management Inc. lifted its holdings in Brinker International by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 632,484 shares of the restaurant operator's stock valued at $27,311,000 after purchasing an additional 53,657 shares during the last quarter. Invesco Ltd. boosted its position in Brinker International by 20.4% during the third quarter. Invesco Ltd. now owns 332,176 shares of the restaurant operator's stock worth $10,493,000 after purchasing an additional 56,192 shares during the period. Finally, Barclays PLC increased its stake in shares of Brinker International by 411.7% in the third quarter. Barclays PLC now owns 170,719 shares of the restaurant operator's stock worth $5,394,000 after purchasing an additional 137,354 shares in the last quarter.

Analyst Upgrades and Downgrades

EAT has been the subject of several analyst reports. Gordon Haskett raised shares of Brinker International from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, January 16th. Evercore ISI raised their target price on shares of Brinker International from $50.00 to $53.00 and gave the company an "in-line" rating in a research note on Wednesday, May 1st. StockNews.com lowered shares of Brinker International from a "buy" rating to a "hold" rating in a research report on Thursday, February 1st. Royal Bank of Canada raised their price objective on shares of Brinker International from $43.00 to $46.00 and gave the company a "sector perform" rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.06.

Brinker International Price Performance

Brinker International stock traded down $0.28 during trading hours on Wednesday, reaching $62.11. The company had a trading volume of 1,791,628 shares, compared to its average volume of 1,348,006. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.81 and a beta of 2.42. Brinker International, Inc. has a 12-month low of $28.23 and a 12-month high of $63.80. The company has a 50-day moving average price of $49.71 and a 200 day moving average price of $43.74.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. As a group, research analysts expect that Brinker International, Inc. will post 3.97 earnings per share for the current year.

Insider Activity

In other Brinker International news, CFO Joseph G. Taylor sold 40,050 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $60.45, for a total value of $2,421,022.50. Following the completion of the sale, the chief financial officer now owns 66,286 shares in the company, valued at approximately $4,006,988.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.50% of the company's stock.

Brinker International Company 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.