Oregon Public Employees Retirement Fund Has $1.38 Million Stock Position in Brinker International, Inc. (NYSE:EAT)

Oregon Public Employees Retirement Fund lowered its position in shares of Brinker International, Inc. (NYSE:EAT) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,447 shares of the restaurant operator’s stock after selling 76 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Brinker International were worth $1,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 171 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Brinker International in the 4th quarter valued at approximately $83,000. Truist Financial Corp acquired a new stake in shares of Brinker International in the 4th quarter valued at approximately $206,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Brinker International in the 3rd quarter valued at approximately $209,000.

Insider Transactions at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the sale, the chief operating officer now directly owns 26,752 shares of the company’s stock, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the sale, the director now directly owns 11,107 shares in the company, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. KeyCorp downgraded Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price objective for the company. in a report on Friday, January 24th. Northcoast Research upgraded Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Thursday, January 30th. Piper Sandler increased their price target on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wedbush increased their price target on Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Citigroup increased their price target on Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Brinker International presently has a consensus rating of “Hold” and a consensus target price of $140.18.

Brinker International Stock Up 5.8 %

EAT stock opened at $164.58 on Friday. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.49 and a beta of 2.54. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.21. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The business’s fifty day moving average price is $153.51 and its two-hundred day moving average price is $116.37.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. On average, equities analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Brinker International Profile

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.