California State Teachers Retirement System Grows Stock Position in Brinker International, Inc. $EAT

California State Teachers Retirement System increased its position in shares of Brinker International, Inc. (NYSE:EAT) by 22.7% during the first quarter, Holdings Channel reports. The institutional investor owned 51,594 shares of the restaurant operator’s stock after buying an additional 9,562 shares during the quarter. California State Teachers Retirement System’s holdings in Brinker International were worth $7,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EAT. Transamerica Financial Advisors LLC boosted its holdings in shares of Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brinker International in the third quarter valued at approximately $25,000. Allworth Financial LP grew its stake in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 83 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 93 shares in the last quarter. Finally, First Horizon Corp grew its holdings in Brinker International by 116.0% in the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 181 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on EAT. Stephens assumed coverage on shares of Brinker International in a research report on Friday, July 17th. They issued an “overweight” rating and a $220.00 price target on the stock. Citigroup upped their target price on Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Morgan Stanley raised their price target on Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings raised Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Finally, Wells Fargo & Company upped their price objective on Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Brinker International presently has a consensus rating of “Moderate Buy” and an average price target of $193.25.

Brinker International Stock Down 3.3%

Shares of NYSE:EAT opened at $217.95 on Wednesday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. The company has a 50 day moving average of $172.44 and a two-hundred day moving average of $156.80. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $225.50. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05.

Brinker International Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.