Public Employees Retirement Association of Colorado lifted its stake in shares of Brinker International, Inc. (NYSE:EAT) by 111.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,797 shares of the restaurant operator’s stock after acquiring an additional 4,115 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Brinker International were worth $94,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Brinker International by 190.8% during the fourth quarter. Assetmark Inc. now owns 794 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 521 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Brinker International during the fourth quarter worth approximately $43,000. FMR LLC increased its position in shares of Brinker International by 57.2% during the fourth quarter. FMR LLC now owns 1,665 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 606 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Brinker International by 24.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,449 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 881 shares during the period. Finally, Teza Capital Management LLC purchased a new position in shares of Brinker International during the fourth quarter worth approximately $252,000. 79.22% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on EAT shares. JPMorgan Chase & Co. raised their target price on shares of Brinker International from $19.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Stifel Nicolaus cut their price objective on shares of Brinker International from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Raymond James lifted their price objective on shares of Brinker International from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Zacks Investment Research raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, June 10th. Finally, Wells Fargo & Co lifted their price objective on shares of Brinker International from $17.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. Brinker International currently has a consensus rating of “Hold” and an average price target of $36.57.

NYSE:EAT opened at $22.15 on Friday. Brinker International, Inc. has a 12 month low of $7.00 and a 12 month high of $47.57. The firm has a fifty day simple moving average of $25.24 and a 200-day simple moving average of $29.00. The company has a market capitalization of $995.78 million, a P/E ratio of 7.03, a PEG ratio of 1.76 and a beta of 2.21.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.63. Brinker International had a net margin of 3.62% and a negative return on equity of 24.65%. The business had revenue of $860.00 million during the quarter, compared to the consensus estimate of $845.99 million. During the same period in the previous year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that Brinker International, Inc. will post 1.11 earnings per share for the current fiscal year.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

Read More: Initial Public Offering (IPO)

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

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