Victory Capital Management Inc. Sells 1,200 Shares of Brinker International, Inc. (NYSE:EAT)

Victory Capital Management Inc. decreased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 6.5% in the second quarter, Holdings Channel reports. The firm owned 17,143 shares of the restaurant operator’s stock after selling 1,200 shares during the quarter. Victory Capital Management Inc.’s holdings in Brinker International were worth $1,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc bought a new position in Brinker International during the second quarter worth about $220,000. Ritholtz Wealth Management bought a new position in shares of Brinker International in the second quarter valued at approximately $515,000. nVerses Capital LLC bought a new position in shares of Brinker International in the second quarter valued at approximately $166,000. Rothschild Investment LLC bought a new position in shares of Brinker International in the second quarter valued at approximately $227,000. Finally, Fortis Group Advisors LLC bought a new position in shares of Brinker International in the second quarter valued at approximately $407,000.

Brinker International Price Performance

EAT opened at $77.70 on Friday. The company has a fifty day moving average price of $67.55 and a two-hundred day moving average price of $61.39. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International, Inc. has a 52 week low of $28.23 and a 52 week high of $77.80. The firm has a market capitalization of $3.46 billion, a PE ratio of 23.06, a P/E/G ratio of 1.14 and a beta of 2.52.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $1.39 EPS. Brinker International’s revenue was up 12.3% on a year-over-year basis. As a group, analysts anticipate that Brinker International, Inc. will post 4.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

EAT has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Bank of America lifted their target price on shares of Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research note on Thursday, August 15th. Morgan Stanley raised their price target 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. Finally, Wedbush reissued a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.85.

Brinker International Company Profile

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.