New York State Teachers Retirement System grew its stake in shares of Brinker International, Inc. (NYSE:EAT) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,233 shares of the restaurant operator’s stock after buying an additional 2,300 shares during the period. New York State Teachers Retirement System owned 0.24% of Brinker International worth $3,671,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Brinker International by 5.9% during the second quarter. Vanguard Group Inc. now owns 5,874,194 shares of the restaurant operator’s stock valued at $223,806,000 after buying an additional 329,577 shares during the period. BlackRock Inc. increased its position in shares of Brinker International by 27.8% during the second quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock valued at $193,557,000 after buying an additional 1,104,999 shares during the period. State Street Corp increased its position in shares of Brinker International by 18.4% during the second quarter. State Street Corp now owns 1,710,040 shares of the restaurant operator’s stock valued at $65,148,000 after buying an additional 265,437 shares during the period. Cooke & Bieler LP increased its position in shares of Brinker International by 4.4% during the second quarter. Cooke & Bieler LP now owns 1,522,933 shares of the restaurant operator’s stock valued at $58,024,000 after buying an additional 64,780 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Brinker International by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock valued at $45,647,000 after buying an additional 9,729 shares during the period.

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Several equities research analysts have recently weighed in on EAT shares. ValuEngine upgraded Brinker International from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Telsey Advisory Group decreased their price objective on shares of Brinker International from $49.00 to $40.00 and set a “market perform” rating on the stock in a research report on Monday, July 17th. Zacks Investment Research cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Maxim Group restated a “buy” rating and issued a $49.00 price objective on shares of Brinker International in a research report on Tuesday, September 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $40.00 price objective (down from $49.00) on shares of Brinker International in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Brinker International presently has an average rating of “Hold” and a consensus target price of $40.50.

In other news, Director Michael A. George bought 16,450 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $30.31 per share, with a total value of $498,599.50. Following the completion of the purchase, the director now directly owns 49,952 shares in the company, valued at $1,514,045.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is owned by corporate insiders.

Shares of Brinker International, Inc. (NYSE EAT) opened at $33.74 on Friday. The stock has a market capitalization of $1,561.82, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.06 and a beta of 0.16. 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 52 week low of $29.50 and a 52 week high of $55.84.

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

Brinker International announced that its Board of Directors has initiated a stock buyback program on Thursday, August 10th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the restaurant operator to buy up to 14.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

About Brinker International

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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