Brinker International, Inc. (NYSE:EAT) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in Brinker International, Inc. (NYSE:EAT) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,351 shares of the restaurant operator’s stock after selling 261 shares during the quarter. Arizona State Retirement System’s holdings in Brinker International were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its holdings in Brinker International by 10.7% in the third quarter. Advisors Asset Management Inc. now owns 3,659 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 354 shares in the last quarter. Signaturefd LLC lifted its stake in Brinker International by 68.9% in the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 386 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in Brinker International by 2.0% in the first quarter. Ensign Peak Advisors Inc now owns 22,421 shares of the restaurant operator’s stock valued at $852,000 after buying an additional 450 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Brinker International by 3.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock valued at $424,000 after buying an additional 487 shares during the last quarter. Finally, Bogart Wealth LLC lifted its stake in Brinker International by 100.0% in the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 500 shares during the last quarter.

Brinker International Stock Performance

NYSE:EAT opened at $45.23 on Friday. The stock has a fifty day moving average price of $46.86 and a two-hundred day moving average price of $40.92. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.71 and a beta of 2.46. Brinker International, Inc. has a 1 year low of $28.23 and a 1 year high of $51.72.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. On average, analysts predict that Brinker International, Inc. will post 3.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EAT shares. StockNews.com cut Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Barclays boosted their price objective on Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus boosted their price objective on Brinker International from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada boosted their price objective on Brinker International from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley upped their price target on Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Brinker International has a consensus rating of “Hold” and an average target price of $43.80.

Insiders Place Their Bets

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the sale, the chief financial officer now owns 56,661 shares of the company’s stock, valued at $2,548,045.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

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.