Brinker International (EAT) : Wright Investors Service Inc reduced its stake in Brinker International by 4.89% during the most recent quarter end. The investment management company now holds a total of 23,440 shares of Brinker International which is valued at $1,056,441 after selling 1,205 shares in Brinker International , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Brinker International makes up approximately 0.42% of Wright Investors Service Inc’s portfolio.
Other Hedge Funds, Including , Hussman Strategic Advisors sold out all of its stake in EAT during the most recent quarter. The investment firm sold 2,200 shares of EAT which is valued $99,154.Cooke Bieler Lp boosted its stake in EAT in the latest quarter, The investment management firm added 274,438 additional shares and now holds a total of 1,350,420 shares of Brinker International which is valued at $63,658,799. Brinker International makes up approx 1.36% of Cooke Bieler Lp’s portfolio.Cambiar Investors boosted its stake in EAT in the latest quarter, The investment management firm added 50,776 additional shares and now holds a total of 616,758 shares of Brinker International which is valued at $28,796,431. Brinker International makes up approx 0.39% of Cambiar Investors’s portfolio. Huntington National Bank added EAT to its portfolio by purchasing 133 company shares during the most recent quarter which is valued at $6,210.
Brinker International opened for trading at $45.16 and hit $45.49 on the upside on Thursday, eventually ending the session at $45.43, with a gain of 0.80% or 0.36 points. The heightened volatility saw the trading volume jump to 15,48,703 shares. Company has a market cap of $2,531 M.
On the company’s financial health, Brinker International reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.99. The company had revenue of $824.60 million for the quarter, compared to analysts expectations of $842.92 million. The company’s revenue was up 5.2% 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 Jul 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $52 .Shares were Reiterated by Maxim Group on Jun 7, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $58 .Telsey Advisory Group Resumed Brinker International on Jun 6, 2016 to “Outperform”, Price Target of the shares are set at $52.
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.