Thrivent Financial for Lutherans Sells 1,434 Shares of Brinker International, Inc. (NYSE:EAT)

Thrivent Financial for Lutherans lowered its holdings in Brinker International, Inc. (NYSE:EAT) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,934 shares of the restaurant operator’s stock after selling 1,434 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Brinker International worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Brinker International in the first quarter valued at approximately $25,000. TFO Wealth Partners LLC grew its stake in Brinker International by 64,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 648 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Brinker International during the 1st quarter worth approximately $47,000. Finally, Signaturefd LLC boosted its holdings in shares of Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 246 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EAT shares. Stifel Nicolaus boosted their target price on shares of Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. BMO Capital Markets dropped their target price on shares of Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Evercore ISI lifted their price target on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a report on Thursday, August 15th. Wedbush reissued a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Finally, Raymond James cut Brinker International from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $62.00 to $82.50 in a research report on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.53.

Brinker International Stock Up 1.2 %

EAT opened at $76.53 on Tuesday. The stock has a fifty day moving average of $69.40 and a 200-day moving average of $63.09. The company has a market capitalization of $3.40 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.27 and a beta of 2.52. Brinker International, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $79.85. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $1.39 EPS. Brinker International’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Brinker International, Inc. will post 4.64 EPS for the current 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.