LS Investment Advisors LLC Has $179,000 Position in Brinker International, Inc. (NYSE:EAT)

LS Investment Advisors LLC boosted its position in shares of Brinker International, Inc. (NYSE:EAT) by 14.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,689 shares of the restaurant operator’s stock after buying an additional 582 shares during the period. LS Investment Advisors LLC’s holdings in Brinker International were worth $179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EAT. Boston Financial Mangement LLC raised its stake in Brinker International by 1.1% in the first quarter. Boston Financial Mangement LLC now owns 111,009 shares of the restaurant operator’s stock worth $4,880,000 after buying an additional 1,168 shares in the last quarter. Atria Investments LLC raised its stake in Brinker International by 72.9% in the first quarter. Atria Investments LLC now owns 9,321 shares of the restaurant operator’s stock worth $410,000 after buying an additional 3,930 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Brinker International by 14.7% in the first quarter. UBS Asset Management Americas Inc. now owns 41,808 shares of the restaurant operator’s stock worth $1,838,000 after buying an additional 5,350 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Brinker International during the first quarter worth about $2,980,000. Finally, Bank of New York Mellon Corp raised its stake in Brinker International by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,160,945 shares of the restaurant operator’s stock worth $51,035,000 after buying an additional 73,715 shares in the last quarter.

Brinker International, Inc. (NYSE:EAT) traded down 0.53% during midday trading on Tuesday, reaching $35.49. 374,343 shares of the company traded hands. Brinker International, Inc. has a 12-month low of $34.18 and a 12-month high of $55.84. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 11.59 and a beta of 0.25. The company has a 50-day moving average price of $37.21 and a 200-day moving average price of $41.61.

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EAT has been the topic of a number of analyst reports. ValuEngine upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Telsey Advisory Group dropped their price target on shares of Brinker International from $49.00 to $40.00 and set a “market perform” rating for the company in a research note on Monday, July 17th. Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. BidaskClub lowered shares of Brinker International from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $44.00 in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Brinker International presently has a consensus rating of “Hold” and a consensus target price of $46.54.

In other Brinker International news, EVP Steve Provost sold 2,750 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $44.06, for a total transaction of $121,165.00. Following the completion of the transaction, the executive vice president now directly owns 29,780 shares in the company, valued at $1,312,106.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.76% of the company’s stock.

Brinker International Company Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

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