Profund Advisors LLC Raises Holdings in Brinker International, Inc. (NYSE:EAT)

Profund Advisors LLC raised its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,552 shares of the restaurant operator’s stock after acquiring an additional 259 shares during the quarter. Profund Advisors LLC’s holdings in Brinker International were worth $343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in Brinker International during the 1st quarter valued at $30,000. Harbor Investment Advisory LLC boosted its stake in Brinker International by 132.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,057 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 602 shares during the last quarter. FORA Capital LLC boosted its stake in Brinker International by 138.2% during the 1st quarter. FORA Capital LLC now owns 1,003 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 582 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Brinker International during the 2nd quarter valued at $79,000. Finally, Convergence Investment Partners LLC boosted its stake in Brinker International by 33.6% during the 2nd quarter. Convergence Investment Partners LLC now owns 3,081 shares of the restaurant operator’s stock valued at $191,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Several brokerages have commented on EAT. KeyCorp cut their target price on Brinker International from $77.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, August 19th. They noted that the move was a valuation call. Zacks Investment Research cut Brinker International from a “hold” rating to a “sell” rating and set a $65.00 price target on the stock. in a report on Thursday, July 1st. JPMorgan Chase & Co. lowered their price target on Brinker International from $75.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, August 19th. Deutsche Bank Aktiengesellschaft lowered their price target on Brinker International from $73.00 to $58.00 and set a “hold” rating on the stock in a report on Thursday, August 19th. Finally, Stifel Nicolaus cut Brinker International from a “buy” rating to a “hold” rating and lowered their price target for the company from $62.00 to $55.00 in a report on Monday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $67.71.

Shares of Brinker International stock opened at $48.10 on Thursday. Brinker International, Inc. has a one year low of $40.73 and a one year high of $78.33. The stock’s fifty day moving average is $51.60 and its 200 day moving average is $58.58. The stock has a market cap of $2.18 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.08 and a beta of 2.80.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, August 17th. The restaurant operator reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.04). Brinker International had a negative return on equity of 36.28% and a net margin of 3.94%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company posted ($0.88) EPS. The company’s quarterly revenue was up 79.1% on a year-over-year basis. As a group, equities research analysts anticipate that Brinker International, Inc. will post 4.77 EPS for the current fiscal year.

In other Brinker International news, CEO Wyman Roberts sold 6,250 shares of the stock in a transaction on Friday, September 24th. The stock was sold at an average price of $52.93, for a total value of $330,812.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joseph G. Taylor sold 1,408 shares of the firm’s stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $54.28, for a total value of $76,426.24. The disclosure for this sale can be found here. Corporate insiders own 3.72% of the company’s stock.

Brinker International Profile

Brinker International, Inc engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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