Headlands Technologies LLC Sells 293 Shares of Brinker International, Inc. (NYSE:EAT)

Headlands Technologies LLC lessened its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 31.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 648 shares of the restaurant operator’s stock after selling 293 shares during the period. Headlands Technologies LLC’s holdings in Brinker International were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EAT. Boston Partners grew its stake in Brinker International by 231.8% in the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after acquiring an additional 1,106,046 shares in the last quarter. Norges Bank purchased a new stake in shares of Brinker International during the fourth quarter valued at $12,853,000. Franklin Resources Inc. lifted its position in Brinker International by 24.6% during the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after acquiring an additional 296,785 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Brinker International by 1,686.8% in the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock worth $13,969,000 after purchasing an additional 182,172 shares during the last quarter. Finally, AMJ Financial Wealth Management acquired a new position in Brinker International in the 1st quarter worth approximately $7,848,000.

Analyst Upgrades and Downgrades

EAT has been the subject of a number of recent research reports. Bank of America lifted their price objective on Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a research note on Thursday, August 15th. Wells Fargo & Company lifted their price target on Brinker International from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Thursday, August 15th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, May 21st. Raymond James cut Brinker International from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $62.00 to $82.50 in a report on Monday, July 8th. Finally, Evercore ISI lifted their price target on shares of Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.85.

Brinker International Trading Up 2.6 %

Brinker International stock opened at $72.23 on Tuesday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.14 and a beta of 2.52. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. The firm’s 50 day moving average price is $67.20 and its two-hundred day moving average price is $61.10. Brinker International, Inc. has a 1 year low of $28.23 and a 1 year high of $76.02.

Brinker International (NYSE:EAT) last posted 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). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. On average, research analysts predict that Brinker International, Inc. will post 4.64 EPS for the current fiscal year.

About Brinker International

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.