According to the most recent 13F filing that Nisa Investment Advisors LLC made with the Securities and Exchange Commission, the company decreased the total amount of money it had invested in Brinker International, INC (NYSE: EAT) by 39.1% during the third quarter.
The institutional investor has 9,755 shares of the company’s stock after selling 6,270 shares of the restaurant operator’s stock during the quarter.
This brings the total number of shares owned by the investor to 9,755.
At the end of the most recent reporting period, the value placed on the investment in Brinker International that Nisa Investment Advisors LLC held was determined to be $258,000.
This valuation was determined using the most recently available information.
Several additional hedge funds have recently been seen transacting business in the market by buying and selling shares of the company’s stock. JPMorgan Chase & Co increased the amount of Brinker International stock owned by 224.6% during the year’s first three months. JPMorgan Chase & Co now has a total of 254,950 shares of the restaurant operator’s stock, which are currently valued at $9,729,000, after purchasing an additional 176,405 shares during the time window in question.
This brings the total number of shares owned by the company to 254,950. Raymond James & Associates increased their stake in Brinker International by 74.4 percent during the year’s first three months. Raymond James & Associates now owns a total of 58,426 shares of the restaurant operator’s stock, which has a value of $2,230,000, after purchasing an additional 24,923 shares during the period in question.
These shares were purchased during the period in question.
The acquisition of shares of Brinker International by Cetera Advisor Networks LLC cost the company $237,000 and took place during the first three months of the year.
MetLife Investment Management LLC increased the amount of Brinker International stock owned by 53.4% over the first three months of 2018. Following the acquisition of an additional 8,465 shares during the period, MetLife Investment Management LLC now holds a total of 24,327 shares of the restaurant operator’s stock, resulting in a total value of $928,000 for the company.
In addition, Rhumbline Advisers increased the proportion of Brinker International stock owned by 3.1% over the year’s first three months. Rhumbline Advisers has a total of 121,256 shares of the restaurant operator’s stock after purchasing an additional 3,610 shares during the period in question.
The stock has a value of $4,627,000, and Rhumbline Advisers now holds 121,256 shares.
In related news, on February 6, Senior Vice President Wade Allen sold 12,139 shares of company stock.
This information was disclosed in a prior update.
The senior vice president currently holds a direct ownership stake in 28,647 shares worth a total of $1,157,911.74 at the current market price.
According to the weighted average price of each share, which was $40.42, the total value of the transaction that resulted from the sale of the shares was $490,658.38.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence.
The documentation was provided to the SEC. 2.37 company insiders own a percent of the total shares currently outstanding.
Several analysts who have been keeping an eye on EAT stock have recently published reports on the company’s stock.
In a report released on Wednesday, December 21, Jefferies Financial Group lowered their price target for shares of Brinker International from $38.00 to $35.00.
It downgraded the stock from a “buy” rating to a “hold” rating.
Both actions were taken in response to the stock’s recent price performance. Citigroup raised their price target for Brinker International from $39.00 to $40.00 and upgraded the stock of Brinker International from a “neutral” rating to a “neutral” rating in research released on Thursday, February 2.
In addition, they increased the price target they had set for the company from $39.00 to $40.00.
Morgan Stanley increased their price target for Brinker International from $30.00 to $40.00 in a report published on January 18.
In addition, the firm assigned an “equal weight” rating to the company’s stock.
In a report published on February 2, Raymond James upgraded their “outperform” rating on Brinker International and increased their price target for the company from $3.50 to $4.00.
The rating for shares of Brinker International was upgraded by BMO Capital Markets on Thursday, February 2, from “market perform” to “outperform,” reflecting the firm’s bullish sentiment towards the company’s future performance.
The report was published on Thursday.
Two of the equity research analysts have suggested that the stock be sold, the remaining seven have suggested that the stock be held, and the remaining seven have suggested that the stock be purchased.
Two of the equity research analysts have suggested that the stock be sold.
The average rating for the company is “Hold,” and the company’s consensus target price is currently $37.18.
These statistics were provided by Bloomberg, which provides a variety of market data and analysis.
EAT stocks started trading for the first time on Thursday for $40.74 per share.
The stock’s moving averages over the past 50 days come in at $35.83, and over the past 200 days, they come in at $31.49 respectively.
The company has a price-to-earnings ratio of 24.84, contributing to the total of 1.80 billion dollars that its market value represents.
The beta value, 2.34, and the P/E/G ratio, which is 2.07, are very high.
During the period covered by this report, the stock price of Brinker International, INC ranged from a one-year high of $44.03 to a one-year low of $21.47.
The most recent quarterly earnings report for Brinker International, traded on the NYSE under the EAT, was made public on February 1.
The restaurant chain’s earnings per share for the quarter came in at $0.76, which was $0.25 higher than the average projection of $0.51 per share.
It was significantly higher than the average prediction of $991.74 million that the company’s sales for the quarter came in at $1.02 billion, which is what the company reported.
In their most recent financial report, Brinker International revealed a negative return on equity of 35.47 percent and a net margin of 1.87 percent.
In comparison to the same period in the previous year, the third quarter of this year saw a 10.1% increase in the company’s overall sales.
In the same period as the previous year, the company made a profit of $0.71 per share of common stock.
According to the projections of industry analysts, Brinker International, INC is expected to generate a profit of 2.73 cents per share in 2018.
Both Chili’s Grill and Bar and Maggiano’s Little Italy are franchised restaurant concepts initially developed by Brinker and now owned by Brinker International, INC This company owns Brinker International, INC It is split into two halves, Chili’s and Maggiano’s Little Italy, respectively.
The Chili section of the report analyzes the results obtained from company-owned Chili’s restaurants in the United States.
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