Tdam USA Inc. decreased its stake in Brinker International, Inc. (NYSE:EAT) by 6.7% during the second quarter, Holdings Channel reports. The institutional investor owned 17,510 shares of the restaurant operator’s stock after selling 1,260 shares during the period. Tdam USA Inc.’s holdings in Brinker International were worth $674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Brinker International by 14.2% in the second quarter. LS Investment Advisors LLC now owns 4,689 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 582 shares in the last quarter. Kernodle & Katon Asset Management Group LLC boosted its position in shares of Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 17 shares in the last quarter. ING Groep NV acquired a new position in shares of Brinker International during the second quarter valued at $227,000. Eqis Capital Management Inc. boosted its position in shares of Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 18 shares in the last quarter. Finally, Segantii Capital Management Ltd acquired a new position in shares of Brinker International during the first quarter valued at $286,000.

Shares of Brinker International, Inc. (NYSE:EAT) opened at 34.27 on Thursday. The firm has a 50-day moving average of $36.55 and a 200-day moving average of $41.17. The company has a market capitalization of $1.68 billion, a P/E ratio of 11.19 and a beta of 0.25. Brinker International, Inc. has a one year low of $34.18 and a one year high of $55.84.

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Several research analysts have recently weighed in on the stock. Barclays PLC dropped their price target on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 19th. BidaskClub cut shares of Brinker International from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Maxim Group dropped their price target on shares of Brinker International from $54.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Brinker International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Brinker International presently has a consensus rating of “Hold” and a consensus target price of $46.54.

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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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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