6,400 Shares in Brinker International, Inc. $EAT Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in shares of Brinker International, Inc. (NYSE:EAT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,400 shares of the restaurant operator’s stock, valued at approximately $914,000.

Several other large investors have also added to or reduced their stakes in EAT. Vanguard Group Inc. boosted its position in shares of Brinker International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after purchasing an additional 73,346 shares during the period. UBS Group AG raised 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 valued at $427,066,000 after purchasing an additional 1,511,266 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Brinker International by 27.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after purchasing an additional 301,912 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after buying an additional 993,435 shares in the last quarter. Finally, Capital World Investors lifted its stake in shares of Brinker International by 96.5% during the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after buying an additional 558,799 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on EAT shares. Stephens initiated coverage on shares of Brinker International in a report on Friday, July 17th. They issued an “overweight” rating and a $220.00 target price for the company. Morgan Stanley raised their price target on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup boosted their price objective on Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays upped their price objective on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, KeyCorp lifted their target price on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Brinker International has an average rating of “Moderate Buy” and an average price target of $193.25.

Brinker International Trading Up 2.1%

Shares of NYSE EAT opened at $210.07 on Friday. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $210.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35. The business’s 50 day moving average is $167.57 and its two-hundred day moving average is $155.69. The stock has a market capitalization of $9.01 billion, a P/E ratio of 20.59, a PEG ratio of 1.22 and a beta of 1.24.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company earned $2.66 EPS. As a group, research analysts expect that Brinker International, Inc. will post 10.76 EPS for the current year.

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.