Brinker International, Inc. (NYSE:EAT) Position Reduced by State Street Corp

State Street Corp reduced its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,710,733 shares of the restaurant operator's stock after selling 4,929 shares during the quarter. State Street Corp owned about 3.85% of Brinker International worth $130,922,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Empowered Funds LLC acquired a new stake in shares of Brinker International during the 3rd quarter worth about $5,330,000. Intech Investment Management LLC lifted its stake in shares of Brinker International by 399.9% during the third quarter. Intech Investment Management LLC now owns 24,102 shares of the restaurant operator's stock valued at $1,845,000 after buying an additional 19,281 shares during the period. Qsemble Capital Management LP acquired a new stake in Brinker International during the third quarter worth approximately $941,000. Principal Financial Group Inc. grew its stake in Brinker International by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock worth $20,879,000 after acquiring an additional 51,927 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Brinker International by 1,686.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator's stock valued at $13,969,000 after acquiring an additional 182,172 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EAT shares. Bank Of America (Bofa) lifted their price objective on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on Brinker International in a report on Thursday, December 5th. They issued a "buy" rating and a $150.00 price target for the company. KeyCorp increased their price objective on shares of Brinker International from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Brinker International from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $67.00 to $100.00 in a report on Thursday, October 31st. Finally, Barclays increased their price target on shares of Brinker International from $76.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Brinker International has an average rating of "Hold" and an average target price of $91.38.

Insider Transactions at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at $2,376,774.42. This trade represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.72% of the company's stock.

Brinker International Stock Up 0.3 %

Shares of Brinker International stock traded up $0.40 during trading hours on Friday, hitting $127.85. 573,989 shares of the company's stock traded hands, compared to its average volume of 1,420,879. 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 $37.25 and a twelve month high of $133.82. The stock has a 50 day simple moving average of $110.96 and a 200-day simple moving average of $84.19. The company has a market cap of $5.68 billion, a PE ratio of 31.18, a PEG ratio of 1.46 and a beta of 2.51.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 5.43 earnings per share for the current fiscal year.

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.