New York State Teachers Retirement System Has $5.20 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

New York State Teachers Retirement System lowered its position in shares of Brinker International, Inc. (NYSE:EAT) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,883 shares of the restaurant operator’s stock after selling 4,500 shares during the quarter. New York State Teachers Retirement System’s holdings in Brinker International were worth $5,195,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EAT. Vanguard Group Inc. increased its holdings in shares of Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after buying an additional 135,580 shares in the last quarter. Boston Partners increased its holdings in Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after purchasing an additional 1,106,046 shares in the last quarter. Marshall Wace LLP boosted its stake in Brinker International by 13,850.1% in the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after purchasing an additional 1,049,836 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Brinker International by 31.7% during the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after purchasing an additional 227,047 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Brinker International by 15.9% in the second quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock valued at $21,406,000 after buying an additional 40,500 shares in the last quarter.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.72% of the stock is owned by insiders.

Brinker International Trading Up 1.7 %

Shares of NYSE EAT opened at $109.80 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. Brinker International, Inc. has a twelve month low of $33.24 and a twelve month high of $110.03. The company’s fifty day moving average is $81.95 and its 200-day moving average is $70.78. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.18 and a beta of 2.46.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Brinker International, Inc. will post 5.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on EAT shares. Wells Fargo & Company increased their price objective on shares of Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. KeyCorp raised their price target on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. BMO Capital Markets lowered Brinker International from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $80.00 to $105.00 in a research report on Thursday, October 31st. Bank Of America (Bofa) boosted their target price on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, Wedbush reiterated a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Brinker International currently has an average rating of “Hold” and an average target price of $86.45.

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.