California State Teachers Retirement System trimmed its stake in shares of Brinker International, Inc. (NYSE:EAT) by 11.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,182 shares of the restaurant operator’s stock after selling 10,925 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Brinker International worth $3,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Profund Advisors LLC boosted its stake in Brinker International by 0.8% during the 2nd quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock valued at $261,000 after acquiring an additional 57 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Brinker International by 1.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 10,275 shares of the restaurant operator’s stock valued at $391,000 after acquiring an additional 135 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Brinker International by 2.2% during the 2nd quarter. D.A. Davidson & CO. now owns 7,832 shares of the restaurant operator’s stock valued at $298,000 after acquiring an additional 166 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Brinker International by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 20,177 shares of the restaurant operator’s stock valued at $769,000 after acquiring an additional 300 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Brinker International by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 20,600 shares of the restaurant operator’s stock valued at $785,000 after acquiring an additional 300 shares during the last quarter.

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In related news, Director Michael A. George bought 16,450 shares of the stock in a transaction on Wednesday, September 6th. The shares were purchased at an average price of $30.31 per share, with a total value of $498,599.50. Following the purchase, the director now owns 49,952 shares in the company, valued at $1,514,045.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is currently owned by company insiders.

Shares of Brinker International, Inc. (NYSE EAT) opened at $32.66 on Wednesday. The company has a debt-to-equity ratio of -2.51, a current ratio of 0.34 and a quick ratio of 0.29. Brinker International, Inc. has a twelve month low of $29.50 and a twelve month high of $55.84. The firm has a market cap of $1,546.09, a PE ratio of 10.57, a P/E/G ratio of 1.05 and a beta of 0.16.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The firm had revenue of $739.40 million during the quarter, compared to analyst estimates of $749.05 million. During the same period last year, the business earned $0.49 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. analysts expect that Brinker International, Inc. will post 3.22 earnings per share for the current year.

Brinker International declared that its board has approved a stock buyback plan on Thursday, August 10th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 14.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A number of research analysts have commented on the stock. Barclays PLC reduced their price objective on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 19th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Brinker International in a research report on Monday, July 24th. Maxim Group restated a “buy” rating and issued a $49.00 price target (down from $54.00) on shares of Brinker International in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Brinker International from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Finally, Stifel Nicolaus assumed coverage on shares of Brinker International in a research report on Monday, October 2nd. They issued a “hold” rating and a $36.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.50.

Brinker International Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

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

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