Victory Capital Management Inc. Has $1.25 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Victory Capital Management Inc. reduced its position in Brinker International, Inc. (NYSE:EAT) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,308 shares of the restaurant operator’s stock after selling 835 shares during the period. Victory Capital Management Inc.’s holdings in Brinker International were worth $1,248,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EAT. North Growth Management Ltd. boosted its holdings in Brinker International by 0.5% in the 3rd quarter. North Growth Management Ltd. now owns 213,000 shares of the restaurant operator’s stock valued at $16,263,000 after purchasing an additional 1,000 shares during the period. Versor Investments LP raised its position in shares of Brinker International by 56.3% in the third quarter. Versor Investments LP now owns 9,220 shares of the restaurant operator’s stock valued at $706,000 after buying an additional 3,320 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Brinker International by 2.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 27,863 shares of the restaurant operator’s stock valued at $2,132,000 after buying an additional 732 shares during the period. Transcendent Capital Group LLC acquired a new stake in Brinker International during the third quarter worth approximately $1,749,000. Finally, Principal Financial Group Inc. increased its stake in Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock worth $20,879,000 after acquiring an additional 51,927 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EAT shares. BMO Capital Markets cut shares of Brinker International from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. KeyCorp boosted their target price on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Citigroup increased their price target on shares of Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Raymond James downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Finally, Bank Of America (Bofa) upped their target price on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.45.

Brinker International Trading Down 0.3 %

Shares of EAT stock opened at $130.62 on Wednesday. Brinker International, Inc. has a 1 year low of $34.77 and a 1 year high of $131.46. The firm has a fifty day moving average price of $96.52 and a 200-day moving average price of $77.87. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 1.39 and a beta of 2.46. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. Brinker International’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that Brinker International, Inc. will post 5.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares of the company’s stock, valued at $2,376,774.42. This trade represents a 13.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.72% of the stock is currently owned by insiders.

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.