Kestrel Investment Management Corp Lowers stake in Brinker International (EAT)

Brinker International (EAT) : Kestrel Investment Management Corp reduced its stake in Brinker International by 11.29% during the most recent quarter end. The investment management company now holds a total of 286,750 shares of Brinker International which is valued at $15,521,778 after selling 36,500 shares in Brinker International , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Brinker International makes up approximately 5.94% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in EAT in the latest quarter, The investment management firm added 18,075 additional shares and now holds a total of 207,358 shares of Brinker International which is valued at $11,224,289. Brinker International makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Victory Capital Management Inc boosted its stake in EAT in the latest quarter, The investment management firm added 1,382 additional shares and now holds a total of 9,236 shares of Brinker International which is valued at $486,922.Tdam Usa reduced its stake in EAT by selling 1,613 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 62,426 shares of EAT which is valued at $2,912,173. Brinker International makes up approx 0.14% of Tdam Usa’s portfolio.Gsa Capital Partners Llp reduced its stake in EAT by selling 2,943 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 8,830 shares of EAT which is valued at $411,920. Brinker International makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.Nisa Investment Advisors reduced its stake in EAT by selling 2,500 shares or 5.59% in the most recent quarter. The Hedge Fund company now holds 42,200 shares of EAT which is valued at $2,010,830. Brinker International makes up approx 0.03% of Nisa Investment Advisors’s portfolio.

Brinker International closed down -0.05 points or -0.09% at $53.97 with 9,27,259 shares getting traded on Tuesday. Post opening the session at $54.1, the shares hit an intraday low of $53.765 and an intraday high of $54.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Brinker International reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $1.23. The company had revenue of $881.70 million for the quarter, compared to analysts expectations of $881.19 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Brinker International. Company shares were Reiterated by Telsey Advisory Group on Aug 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 60 from a previous price target of $56 .Company shares were Reiterated by Maxim Group on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .Company shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 55 from a previous price target of $49 .

Brinker International Inc. (Brinker) owns develops operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24 2014 the Company owned operated or franchised 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chili’s operates in the Bar and Grill category of casual dining. The Company has operations around the world with locations in 32 foreign countries and two United States territories. Maggiano’s is a full-service casual dining Italian restaurant brand. Its Maggiano’s restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.

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