Brinker International, Inc. (NYSE:EAT) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in Brinker International, Inc. (NYSE:EAT) by 2.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,863 shares of the restaurant operator’s stock after buying an additional 732 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Brinker International were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of EAT. Cetera Advisors LLC acquired a new position in shares of Brinker International during the first quarter worth about $714,000. Lazard Asset Management LLC increased its position in Brinker International by 36.7% during the 1st quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock worth $13,908,000 after purchasing an additional 75,225 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Brinker International by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after buying an additional 135,580 shares during the period. Boston Partners boosted its stake in shares of Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after buying an additional 1,106,046 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Brinker International by 1,686.8% during the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock worth $13,969,000 after acquiring an additional 182,172 shares during the period.

Brinker International Price Performance

Shares of NYSE EAT opened at $116.55 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The firm has a 50-day moving average of $89.02 and a two-hundred day moving average of $74.23. Brinker International, Inc. has a twelve month low of $34.77 and a twelve month high of $123.66. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.31 and a beta of 2.46.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Brinker International, Inc. will post 5.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EAT has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wedbush reaffirmed a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. KeyCorp boosted their price target on Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Argus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.45.

Insider Buying and Selling

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at $2,376,774.42. This trade represents a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.72% of the stock is currently owned by company insiders.

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.