Brinker International Inc. (NYSE:EAT)’s share price fell 4.6% on Tuesday . The stock traded as low as $45.16 and last traded at $45.22, with a volume of 782,798 shares changing hands. The stock had previously closed at $47.39.

Several equities research analysts have commented on EAT shares. Telsey Advisory Group upped their target price on shares of Brinker International from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Brinker International in a research note on Sunday, June 12th. Barclays PLC reaffirmed a “hold” rating on shares of Brinker International in a research note on Sunday, June 12th. Zacks Investment Research raised shares of Brinker International from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and issued a $51.00 target price on shares of Brinker International in a research note on Monday, June 13th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Brinker International has a consensus rating of “Hold” and an average price target of $52.76.

The company has a market capitalization of $2.51 billion and a P/E ratio of 13.85. The stock has a 50 day moving average price of $46.82 and a 200-day moving average price of $46.92.

Several hedge funds and institutional investors recently added to or reduced their stakes in EAT. Principal Financial Group Inc. increased its position in Brinker International by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 193,680 shares of the company’s stock worth $9,286,000 after buying an additional 2,607 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Brinker International by 3.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 102,818 shares of the company’s stock worth $4,930,000 after buying an additional 3,511 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Brinker International by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 38,743 shares of the company’s stock worth $1,859,000 after buying an additional 13,141 shares during the period. Hodges Capital Management Inc. raised its stake in shares of Brinker International by 2.2% in the fourth quarter. Hodges Capital Management Inc. now owns 686,134 shares of the company’s stock worth $32,900,000 after buying an additional 14,946 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Brinker International by 826.9% in the fourth quarter. Bank of Montreal Can now owns 33,407 shares of the company’s stock worth $1,601,000 after buying an additional 29,803 shares during the period.

Brinker International, Inc (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.

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