Teacher Retirement System of Texas Has $4.28 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Teacher Retirement System of Texas lessened its stake in shares of Brinker International, Inc. (NYSE:EAT) by 38.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,331 shares of the restaurant operator’s stock after selling 20,435 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Brinker International worth $4,277,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EAT. Wolff Wiese Magana LLC boosted its holdings in Brinker International by 100.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 171 shares in the last quarter. R Squared Ltd bought a new position in shares of Brinker International in the 4th quarter worth $83,000. SBI Securities Co. Ltd. acquired a new stake in Brinker International in the 4th quarter valued at $126,000. Finally, Daiwa Securities Group Inc. bought a new stake in Brinker International during the 4th quarter valued at $146,000.

Insiders Place Their Bets

In related news, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the sale, the chief operating officer now owns 26,752 shares of the company’s stock, valued at approximately $4,470,259.20. This represents a 21.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the transaction, the director now owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock worth $3,752,464 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Wells Fargo & Company lifted their price target on Brinker International from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price objective on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Citigroup upped their price target on Brinker International from $166.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, KeyCorp cut Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price objective on the stock. in a research note on Friday, January 24th. Fourteen investment analysts have rated the stock with a hold rating and five have issued 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 $140.18.

Brinker International Stock Up 6.9 %

Shares of NYSE EAT opened at $154.78 on Tuesday. The business’s fifty day moving average price is $155.88 and its 200-day moving average price is $125.11. Brinker International, Inc. has a one year low of $43.37 and a one year high of $192.22. The stock has a market capitalization of $6.87 billion, a PE ratio of 26.82, a P/E/G ratio of 0.49 and a beta of 2.56. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. On average, equities research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

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.