Kestrel Investment Management Corp Lowers stake in Brinker International (EAT)

Brinker International (EAT) : Kestrel Investment Management Corp reduced its stake in Brinker International by 1.55% during the most recent quarter end. The investment management company now holds a total of 323,250 shares of Brinker International which is valued at $14.5 Million after selling 5,100 shares in Brinker International , the firm said in a disclosure report filed with the SEC on May 12, 2016.Brinker International makes up approximately 5.62% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Dean Capital Management reduced its stake in EAT by selling 2,046 shares or 8.24% in the most recent quarter. The Hedge Fund company now holds 22,794 shares of EAT which is valued at $1 Million. Brinker International makes up approx 1.47% of Dean Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in EAT in the latest quarter, The investment management firm added 56,956 additional shares and now holds a total of 1,770,553 shares of Brinker International which is valued at $79.6 Million. Brinker International makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Neuberger Berman Group reduced its stake in EAT by selling 76,183 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 2,536,754 shares of EAT which is valued at $115.4 Million. Brinker International makes up approx 0.16% of Neuberger Berman Group’s portfolio.Profund Advisors boosted its stake in EAT in the latest quarter, The investment management firm added 829 additional shares and now holds a total of 8,591 shares of Brinker International which is valued at $390,719. Brinker International makes up approx 0.02% of Profund Advisors’s portfolio.

Brinker International closed down -0.17 points or -0.38% at $44.4 with 10,85,289 shares getting traded on Friday. Post opening the session at $44.6, the shares hit an intraday low of $44.21 and an intraday high of $44.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Brinker International reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.99. The company had revenue of $824.60 million for the quarter, compared to analysts expectations of $842.92 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Brinker International. Shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform” and Lowered the Price Target to $ 49 from a previous price target of $52 .Shares were Downgraded by Barclays on Apr 20, 2016 to ” Equal Weight” and Lowered the Price Target to $ 47 from a previous price target of $59 .Shares were Reiterated by Maxim Group on Apr 19, 2016 to “Buy” and Lowered the Price Target to $ 58 from a previous price target of $60 .

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 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chili’s operates in the Bar and Grill category of casual dining. The Company has operations around the world with locations in 32 foreign countries and two United States territories. Maggiano’s is a full-service casual dining Italian restaurant brand. Its Maggiano’s restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.

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