Teacher Retirement System of Texas Sells 20,435 Shares of Brinker International, Inc. (NYSE:EAT)

Teacher Retirement System of Texas decreased its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,331 shares of the restaurant operator's stock after selling 20,435 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Brinker International worth $4,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wolff Wiese Magana LLC increased its stake in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its position in Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after buying an additional 171 shares in the last quarter. R Squared Ltd bought a new stake in Brinker International during the 4th quarter worth $83,000. SBI Securities Co. Ltd. acquired a new position in shares of Brinker International in the fourth quarter valued at approximately $126,000. Finally, Daiwa Securities Group Inc. bought a new position in Brinker International during the 4th quarter worth $146,000.

Insider Buying and Selling at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the sale, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock worth $3,752,464 over the last three months. Company insiders own 1.72% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have issued reports on EAT shares. StockNews.com upgraded Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on Brinker International from $145.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Stifel Nicolaus increased their target price on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. BMO Capital Markets raised their target price on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group upped their price target on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $140.18.

Brinker International Stock Up 2.5 %

Shares of Brinker International stock traded up $3.78 on Tuesday, hitting $157.93. 1,339,959 shares of the company's stock traded hands, compared to its average volume of 1,398,540. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.22. The firm's 50-day moving average is $155.88 and its 200 day moving average is $125.11. The stock has a market cap of $7.01 billion, a P/E ratio of 27.37, a PEG ratio of 0.49 and a beta of 2.56.

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

About Brinker International

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.