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Brinker International, Inc. (NYSE:EAT) Shares Sold by Oregon Public Employees Retirement Fund


Oregon Public Employees Retirement Fund lowered its position in Brinker International, Inc. (NYSE:EATGet Rating) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,947 shares of the restaurant operator’s stock after selling 810 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Brinker International were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Brinker International by 200.9% in the first quarter. CWM LLC now owns 1,044 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 697 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Brinker International in the fourth quarter valued at $51,000. WASHINGTON TRUST Co acquired a new position in Brinker International in the fourth quarter valued at $86,000. Advisor Group Holdings Inc. boosted its holdings in Brinker International by 46.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,653 shares of the restaurant operator’s stock valued at $208,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Bailard Inc. acquired a new position in Brinker International in the fourth quarter valued at $212,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EAT shares. Morgan Stanley reduced their target price on Brinker International from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, April 14th. MKM Partners reduced their price objective on Brinker International from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, June 3rd. Bank of America restated an “underperform” rating and set a $26.00 price objective on shares of Brinker International in a research note on Monday, June 27th. Barclays reduced their price objective on Brinker International from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, June 9th. Finally, Citigroup reduced their price objective on Brinker International from $40.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.58.

Insider Activity at Brinker International

In related news, CEO Wyman Roberts sold 12,500 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $40.00, for a total value of $500,000.00. Following the completion of the sale, the chief executive officer now directly owns 231,373 shares of the company’s stock, valued at $9,254,920. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.21% of the stock is owned by corporate insiders.

Brinker International Stock Up 3.1 %

Shares of Brinker International stock opened at $22.98 on Friday. The firm has a market cap of $1.01 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.49 and a beta of 2.39. Brinker International, Inc. has a fifty-two week low of $21.47 and a fifty-two week high of $60.66. The business has a 50-day moving average price of $26.80 and a 200 day moving average price of $33.64.

Brinker International (NYSE:EATGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $980.40 million during the quarter, compared to the consensus estimate of $978.08 million. Brinker International had a net margin of 4.02% and a negative return on equity of 53.59%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, equities research analysts anticipate that Brinker International, Inc. will post 3.14 earnings per share for the current year.

Brinker International Company Profile

(Get Rating)

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. The company operates in two segments, Chili’s and Maggiano’s. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili’s Grill & Bar name and 54 restaurants under the Maggiano’s Little Italy brand name.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)



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