Brinker International (EAT) : Wbi Investments added new position in Brinker International during the most recent quarter end. The investment management firm now holds 433,306 shares of Brinker International which is valued at $23,454,854 , the company said in a statement filed on Aug 11, 2016 with the SEC.Brinker International makes up approximately 0.82% of Wbi Investments’s portfolio.
Other Hedge Funds, Including , Ramsey Quantitative Systems reduced its stake in EAT by selling 2,048 shares or 14.78% in the most recent quarter. The Hedge Fund company now holds 11,808 shares of EAT which is valued at $639,167. Brinker International makes up approx 0.67% of Ramsey Quantitative Systems’s portfolio.New York State Teachers Retirement System reduced its stake in EAT by selling 4,200 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 117,933 shares of EAT which is valued at $5,696,164. Brinker International makes up approx 0.01% of New York State Teachers Retirement System’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 Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) 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. Chilis 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. Maggianos is a full-service casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.