Teacher Retirement System of Texas Has $4.28 Million Position in Brinker International, Inc. (NYSE:EAT)

Teacher Retirement System of Texas lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,331 shares of the restaurant operator's stock after selling 20,435 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Brinker International worth $4,277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of EAT. Geode Capital Management LLC boosted its position in shares of Brinker International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after purchasing an additional 8,105 shares during the period. Fisher Asset Management LLC increased its position in shares of Brinker International by 4.3% in the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock worth $52,900,000 after acquiring an additional 28,373 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Brinker International during the fourth quarter valued at approximately $81,888,000. Wellington Management Group LLP lifted its position in shares of Brinker International by 55.1% in the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock valued at $47,351,000 after acquiring an additional 219,836 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Brinker International by 2,612.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after purchasing an additional 566,894 shares during the period.

Remove Ads

Brinker International Stock Performance

Shares of NYSE:EAT traded down $6.81 during midday trading on Friday, hitting $147.58. The company's stock had a trading volume of 1,089,950 shares, compared to its average volume of 1,439,707. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.49 and a beta of 2.56. The stock's 50 day simple moving average is $156.61 and its 200 day simple moving average is $126.13.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. As a group, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insiders Place Their Bets

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the sale, the director now directly owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the completion of the transaction, the chief operating officer now directly owns 26,752 shares of the company's stock, valued at $4,470,259.20. This represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EAT has been the subject of a number of research analyst reports. Northcoast Research upgraded Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target for the company. in a research report on Friday, January 24th. Wedbush boosted their price objective on shares of Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Finally, Argus upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a research report on Tuesday, December 24th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $140.18.

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.