Mutual of America Capital Management LLC Reduces Stock Position in Brinker International, Inc. (NYSE:EAT)

Mutual of America Capital Management LLC trimmed its stake in shares of Brinker International, Inc. (NYSE:EAT) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,692 shares of the restaurant operator’s stock after selling 621 shares during the period. Mutual of America Capital Management LLC’s holdings in Brinker International were worth $512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EAT. Cetera Advisors LLC bought a new stake in shares of Brinker International during the 1st quarter valued at about $714,000. Empowered Funds LLC purchased a new position in shares of Brinker International in the third quarter worth approximately $5,330,000. Vanguard Group Inc. grew its position in Brinker International by 2.5% during the first 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 increased its holdings in Brinker International by 231.8% during 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 during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Brinker International by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock worth $20,879,000 after purchasing an additional 51,927 shares in the last quarter.

Brinker International Price Performance

Shares of EAT opened at $130.62 on Wednesday. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.39 and a beta of 2.46. Brinker International, Inc. has a fifty-two week low of $34.77 and a fifty-two week high of $131.46. The firm has a 50-day simple moving average of $96.52 and a 200-day simple moving average of $77.87. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Brinker International, Inc. will post 5.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EAT shares. KeyCorp raised their price objective on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Wedbush restated a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. Citigroup upped their price objective on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Bank of America lifted their target price on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Raymond James downgraded Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.45.

Insider Buying and Selling

In related news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the sale, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.72% of the company’s stock.

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.