Los Angeles Capital Management LLC Decreases Holdings in Brinker International, Inc. (NYSE:EAT)

Los Angeles Capital Management LLC trimmed its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,229 shares of the restaurant operator’s stock after selling 190 shares during the period. Los Angeles Capital Management LLC’s holdings in Brinker International were worth $859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in Brinker International by 6.6% in the first quarter. Sei Investments Co. now owns 87,423 shares of the restaurant operator’s stock valued at $4,343,000 after acquiring an additional 5,410 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Brinker International in the 1st quarter worth approximately $47,000. Russell Investments Group Ltd. lifted its stake in Brinker International by 5.4% in the first quarter. Russell Investments Group Ltd. now owns 20,640 shares of the restaurant operator’s stock valued at $1,025,000 after purchasing an additional 1,049 shares during the last quarter. ProShare Advisors LLC grew its holdings in Brinker International by 7.4% during the first quarter. ProShare Advisors LLC now owns 8,853 shares of the restaurant operator’s stock valued at $440,000 after purchasing an additional 609 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Brinker International by 29.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,240 shares of the restaurant operator’s stock worth $807,000 after buying an additional 3,710 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup upped their price target on Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. UBS Group upped their price objective on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wedbush reiterated a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Evercore ISI upped their price target on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Brinker International has a consensus rating of “Hold” and a consensus price target of $86.45.

Brinker International Stock Up 0.8 %

Shares of NYSE:EAT opened at $117.45 on Friday. The firm has a market capitalization of $5.22 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.31 and a beta of 2.46. 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, Inc. has a 52-week low of $34.77 and a 52-week high of $123.66. The firm has a fifty day moving average of $89.99 and a 200 day moving average of $74.70.

Brinker International (NYSE:EAT) last announced its quarterly earnings data 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 5.53 EPS for the current fiscal year.

Insider Transactions at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.72% of the company’s stock.

About Brinker International

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.