Xponance Inc. Invests $202,000 in Brinker International, Inc. (NYSE:EAT)

Xponance Inc. purchased a new position in shares of Brinker International, Inc. (NYSE:EAT) in the second quarter, HoldingsChannel reports. The firm purchased 2,785 shares of the restaurant operator’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after acquiring an additional 169 shares during the period. CWM LLC raised its position in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares in the last quarter. Arizona State Retirement System raised its position in shares of Brinker International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after acquiring an additional 234 shares in the last quarter. Signaturefd LLC raised its position in shares of Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 246 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Brinker International during the 1st quarter worth approximately $25,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EAT. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research note on Thursday, August 15th. BMO Capital Markets reduced their price objective on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Argus cut Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley boosted their price target on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company upped their target price on Brinker International from $45.00 to $50.00 and gave the company an “underweight” rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.53.

Brinker International Trading Up 1.3 %

NYSE:EAT opened at $79.78 on Thursday. 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 one year low of $28.23 and a one year high of $79.99. The business’s 50-day simple moving average is $69.98 and its 200 day simple moving average is $63.43. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.27 and a beta of 2.52.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Brinker International, Inc. will post 4.64 earnings per share for the current fiscal year.

Brinker International 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.