Public Employees Retirement System of Ohio Trims Holdings in Brinker International, Inc. (NYSE:EAT)

Public Employees Retirement System of Ohio lowered its holdings in Brinker International, Inc. (NYSE:EAT) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 650 shares of the restaurant operator’s stock after selling 137 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Brinker International were worth $50,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MML Investors Services LLC lifted its stake in Brinker International by 123.4% in the third quarter. MML Investors Services LLC now owns 11,199 shares of the restaurant operator’s stock worth $857,000 after acquiring an additional 6,185 shares during the period. XTX Topco Ltd raised its holdings in Brinker International by 137.9% in the 3rd quarter. XTX Topco Ltd now owns 26,681 shares of the restaurant operator’s stock worth $2,042,000 after purchasing an additional 15,467 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Brinker International by 55.1% in the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock worth $47,351,000 after purchasing an additional 219,836 shares during the period. Weiss Asset Management LP bought a new stake in shares of Brinker International during the 3rd quarter valued at about $907,000. Finally, Tabor Asset Management LP purchased a new position in shares of Brinker International during the third quarter valued at about $2,068,000.

Brinker International Stock Up 2.2 %

Brinker International stock opened at $134.26 on Monday. Brinker International, Inc. has a 12 month low of $37.25 and a 12 month high of $136.15. The stock has a fifty day simple moving average of $115.82 and a two-hundred day simple moving average of $86.33. 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 market cap of $5.96 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.46 and a beta of 2.51.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. Brinker International’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Equities analysts predict that Brinker International, Inc. will post 5.43 EPS for the current fiscal year.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were 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 directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $67.00 to $100.00 in a report on Thursday, October 31st. Bank of America lifted their price target on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Citigroup upped their price target on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Morgan Stanley raised Brinker International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $70.00 to $115.00 in a research report on Friday. Finally, UBS Group upped their target price on shares of Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $94.63.

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.