Illinois Municipal Retirement Fund decreased its stake in Brinker International, Inc. (NYSE:EAT – Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,830 shares of the restaurant operator’s stock after selling 2,713 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.14% of Brinker International worth $8,685,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of EAT. NewEdge Advisors LLC lifted its holdings in shares of Brinker International by 1,118.9% during the first quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock valued at $173,000 after acquiring an additional 1,063 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Brinker International by 271.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock worth $153,000 after purchasing an additional 618 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Brinker International by 1.9% in the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock worth $9,422,000 after purchasing an additional 978 shares during the last quarter. Baird Financial Group Inc. bought a new stake in shares of Brinker International in the 2nd quarter worth about $3,222,000. Finally, Brown Advisory Inc. increased its position in shares of Brinker International by 33.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 444 shares in the last quarter.
Brinker International Stock Performance
Brinker International stock opened at $185.60 on Friday. The stock has a 50-day simple moving average of $155.45 and a 200 day simple moving average of $152.59. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $192.20. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.11 and a beta of 1.24.
Brinker International News Roundup
Here are the key news stories impacting Brinker International this week:
- Positive Sentiment: Wells Fargo raised its price target on Brinker International to $220 from $200 and kept an overweight rating, signaling roughly 18.5% upside from the prior closing level. Read More
- Positive Sentiment: KeyCorp also boosted its target to $204 from $177 and maintained an overweight rating, adding to the bullish analyst momentum around the stock. Read More
- Positive Sentiment: Zacks highlighted Brinker as an “incredible growth stock,” citing strong growth attributes that could help it outperform the market. Article
- Positive Sentiment: Another Zacks report said Brinker could beat earnings estimates again, pointing to its strong earnings-surprise history and the ingredients for another quarterly upside. Article
- Positive Sentiment: Market chatter also noted that Wall Street analysts generally view Brinker International as a buy, reinforcing sentiment that the stock’s recent strength is supported by fundamentals and expectations for continued earnings momentum. Article
Analyst Ratings Changes
EAT has been the subject of several analyst reports. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. KeyCorp upped their price objective on shares of Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup dropped their price objective on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a report on Monday, April 13th. Wells Fargo & Company lifted their target price on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, TD Cowen reduced their target price on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.58.
Get Our Latest Stock Report on EAT
Brinker International Company Profile
Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.
The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.
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