Healthcare of Ontario Pension Plan Trust Fund Sells 133,500 Shares of Brinker International, Inc. $EAT

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of Brinker International, Inc. (NYSE:EAT) by 84.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the restaurant operator’s stock after selling 133,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Brinker International were worth $3,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG grew its position in shares of Brinker International by 103.2% during the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after buying an additional 1,511,266 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Brinker International by 667.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares in the last quarter. Norges Bank purchased a new stake in Brinker International in the fourth quarter worth about $83,603,000. Capital World Investors grew its holdings in Brinker International by 96.5% during the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after acquiring an additional 558,799 shares in the last quarter. Finally, Samlyn Capital LLC grew its holdings in Brinker International by 104.9% during the 3rd quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock worth $111,299,000 after acquiring an additional 449,871 shares in the last quarter.

Brinker International Stock Performance

EAT stock opened at $210.07 on Friday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.22 and a beta of 1.24. The firm has a 50-day simple moving average of $167.57 and a two-hundred day simple moving average of $155.69. Brinker International, Inc. has a one year low of $100.30 and a one year high of $210.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $2.66 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that Brinker International, Inc. will post 10.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EAT. TD Cowen boosted their price target on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 20th. Citigroup increased their price objective on shares of Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on shares of Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Finally, KeyCorp upped their target price on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.25.

Brinker International Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.