Illinois Municipal Retirement Fund Has $1.04 Million Holdings in Brinker International, Inc. (NYSE:EAT)

Illinois Municipal Retirement Fund cut its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 12.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,101 shares of the restaurant operator’s stock after selling 3,273 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Brinker International were worth $1,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of 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 purchasing an additional 386 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Brinker International in the third quarter valued at $31,000. Bogart Wealth LLC raised its stake in shares of 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 purchasing an additional 500 shares in the last quarter. Covestor Ltd raised its stake in shares of Brinker International by 28,800.0% in the third quarter. Covestor Ltd now owns 1,445 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 1,440 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its stake in shares of Brinker International by 30.2% in the third quarter. AdvisorShares Investments LLC now owns 3,501 shares of the restaurant operator’s stock valued at $111,000 after purchasing an additional 813 shares in the last quarter.

Brinker International Stock Performance

Shares of EAT stock opened at $48.83 on Monday. The stock’s fifty day moving average is $47.17 and its 200-day moving average is $41.69. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.32, a PEG ratio of 0.79 and a beta of 2.46. Brinker International, Inc. has a 52 week low of $28.23 and a 52 week high of $51.72.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The company had revenue of $1.07 billion for 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%. As a group, analysts forecast that Brinker International, Inc. will post 3.71 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

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

Analyst Ratings Changes

A number of brokerages recently commented on EAT. Morgan Stanley upped their target price on Brinker International from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Royal Bank of Canada upped their target price 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. StockNews.com lowered Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Evercore ISI upped their target price on Brinker International from $48.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group upped their price target on Brinker International from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Brinker International currently has a consensus rating of “Hold” and an average price target of $44.81.

Brinker International Company 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.