NY State Teachers Retirement System Sells 617 Shares of Brinker International,
July 26, 2023
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On Defense World, the New York State Teachers Retirement System (NYSTRS) recently disclosed that it had disposed of 617 shares of Brinker International ($NYSE:EAT), Inc. stock. Brinker International, Inc. is a multinational hospitality company that owns, operates, and franchises casual dining restaurants such as Chili’s, Maggiano’s Little Italy, and Macaroni Grill. As a publicly traded company on the Nasdaq Global Select Market, it has seen its market capitalization grow to over $1 billion. The divestment of 617 shares from NYSTRS is the latest event in what has been a volatile year for the stock.
However, since then, the stock has recovered and even surpassed its pre-pandemic levels, making it an attractive option for investors. Consequently, NYSTRS seemed to take advantage of this opportunity with its divestment of 617 shares.
Share Price
This is 1.1% lower than the previous closing price of $38.2. Following this announcement, the stock opened at $38.0 and closed at $37.8. Despite the slight dip in the stock, Brinker International Inc. remains a solid investment opportunity due to its strong financial performance and diverse portfolio of restaurant brands. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brinker International. More…
| Total Revenues | Net Income | Net Margin |
| 4.08k | 88.6 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brinker International. More…
| Operations | Investing | Financing |
| 241.4 | -174.1 | -66.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brinker International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.48k | 2.69k | -6.08 |
Key Ratios Snapshot
Some of the financial key ratios for Brinker International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.8% | -10.6% | 3.2% |
| FCF Margin | ROE | ROA |
| 1.6% | -30.8% | 3.3% |
Analysis
As a GoodWhale analyst, I would recommend analyzing BRINKER INTERNATIONAL‘s financials with our services. Upon reviewing BRINKER INTERNATIONAL’s Star Chart, we can classify the company as an ‘elephant’, which suggests that it is rich in assets after deducting off liabilities. With an intermediate health score of 6/10, BRINKER INTERNATIONAL has the potential to sustain future operations even in times of crisis, due to its cashflows and debt. BRINKER INTERNATIONAL is strong in asset, medium in profitability and weak in dividend and growth. Given BRINKER INTERNATIONAL’s financial strength and stability, many different types of investors may be interested in investing in the company. For example, value investors may find its assets attractive, while long-term growth investors may appreciate its potential for growth. More…
Peers
Its restaurants include Chili’s Grill & Bar and Maggiano’s Little Italy. The company operates in two segments, company-owned restaurants and franchise operations. The company-owned restaurants segment consists of Chili’s and Maggiano’s restaurants. The franchise operations segment comprises of the franchise activities related to the Chili’s and Maggiano’s brands.
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Summary
Brinker International, Inc. is a prominent restaurant company that owns and operates a number of restaurant brands. Recently, the New York State Teachers Retirement System sold 617 shares of Brinker International, Inc. This could be indicative of a bearish sentiment on the stock, as the fund was willing to divest its stake in the company. Analysts suggest that investors should examine the company’s performance and financials before making any decisions on their own investments in Brinker International. The company’s revenue and earnings have been declining year over year, and it has reported losses in its most recent quarterly report.
Additionally, the restaurant industry has been hit hard by the pandemic, so it is important to consider the company’s ability to weather the current challenges before investing.
