4,821 shares in Brinker International, Inc. (NYSE:EAT) acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,821 shares of the restaurant operator’s stock, valued at approximately $349,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Boston Partners raised its stake in shares of Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after buying an additional 1,106,046 shares during the last quarter. Norges Bank bought a new stake in Brinker International in the fourth quarter valued at about $12,853,000. Assenagon Asset Management SA boosted its position in shares of Brinker International by 1,686.8% in the second quarter. Assenagon Asset Management SA now owns 192,972 shares of the restaurant operator’s stock worth $13,969,000 after purchasing an additional 182,172 shares during the last quarter. AMJ Financial Wealth Management acquired a new position in shares of Brinker International in the first quarter valued at $7,848,000. Finally, Vanguard Group Inc. raised its position in shares of Brinker International by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after purchasing an additional 135,580 shares during the last quarter.

Analysts on Wall Street are forecasting an increase

EAT has been the subject of several analyst research reports. Evercore ISI boosted their price target on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, August 15th. Wells Fargo & Company boosted their price target on Brinker International from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Thursday, August 15th. Morgan Stanley upped their target price on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Barclays boosted their price objective on shares of Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 15th. Finally, Wedbush restated a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.53.

See our latest research report on EAT

Brinker International shares fell 1.5%

NYSE EAT opened at $75.62 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.32, and a debt-to-equity ratio of 19.96. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.27 and a beta of 2.52. The company has a 50-day moving average of $69.19 and a 200-day moving average of $62.69. Brinker International, Inc. has a 1 year low of $28.23 and a 1 year high of $79.85.

Brinker International (NYSE:EAT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. Brinker International’s revenue increased 12.3% year over year. In the same period last year, the company earned $1.39 per share. On average, equities research analysts expect that Brinker International, Inc. to post 4.64 earnings per share for the current fiscal year.

Brinker International Company Profile

(Free Report)

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 the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands.

See Also

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