Swiss National Bank Has $3.38 Million Holdings in Brinker International, Inc. (NYSE:EAT)

Swiss National Bank boosted its stake in shares of Brinker International, Inc. (NYSE:EAT – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,900 shares of the restaurant operator’s stock after buying an additional 1,900 shares during the period. Swiss National Bank owned about 0.24% of Brinker International worth $3,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in Brinker International by 81.3% during the 3rd quarter. Versant Capital Management Inc now owns 990 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 444 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Brinker International by 4.0% in the 4th quarter. Arizona State Retirement System now owns 12,385 shares of the restaurant operator’s stock valued at $395,000 after buying an additional 471 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brinker International by 8.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,603 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 647 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brinker International by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,678 shares of the restaurant operator’s stock valued at $309,000 after buying an additional 1,214 shares in the last quarter. Finally, FourThought Financial LLC grew its stake in shares of Brinker International by 36.0% in the 3rd quarter. FourThought Financial LLC now owns 4,806 shares of the restaurant operator’s stock valued at $120,000 after buying an additional 1,273 shares in the last quarter.

Analyst Upgrades and Downgrades

EAT has been the subject of several recent research reports. Northcoast Research initiated coverage on Brinker International in a research note on Tuesday, May 2nd. They issued a “neutral” rating for the company. 51job restated a “reiterates” rating on shares of Brinker International in a report on Thursday, May 4th. Wedbush boosted their target price on Brinker International from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Raymond James boosted their target price on Brinker International from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. Finally, JPMorgan Chase & Co. upped their price target on Brinker International from $37.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.81.

Brinker International Stock Performance

Shares of EAT stock opened at $39.54 on Monday. The stock’s fifty day moving average is $37.56 and its 200-day moving average is $36.50. The stock has a market capitalization of $1.75 billion, a PE ratio of 20.28, a PEG ratio of 2.09 and a beta of 2.36. Brinker International, Inc. has a 52 week low of $21.47 and a 52 week high of $42.12.

Brinker International (NYSE:EAT – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.06. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Brinker International had a negative return on equity of 44.32% and a net margin of 2.17%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. As a group, analysts forecast that Brinker International, Inc. will post 2.77 earnings per share for the current fiscal year.

About Brinker International

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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.