Texas Permanent School Fund Corp Increases Holdings in Brinker International, on August 1, 2023
August 5, 2023
🌥️Trending News
On August 1, 2023, it was reported that the Texas Permanent School Fund Corporation had increased its holdings of Brinker International ($NYSE:EAT), Inc. Brinker International is a restaurant and hospitality company that operates and franchises a range of dining establishments, including Chili’s Grill & Bar and Maggiano’s Little Italy, as well as Romano’s Macaroni Grill. The increase in holdings by the Texas Permanent School Fund Corporation is seen as an indication of the strong performance and potential for Brinker International’s expansion. The company’s commitment to creating a great customer experience and its dedication to providing great food make it an attractive investment opportunity in the current market. Brinker also has an impressive track record of positive financial results, which has been recognized by its peers in the industry.
The increase in holdings of Brinker International’s stock by the Texas Permanent School Fund Corporation will no doubt be beneficial for the company’s overall performance. This move shows that the fund is confident in Brinker’s future prospects and is willing to put its money into the company. This news is sure to be welcomed by shareholders and other potential investors, and will likely lead to further positive momentum for Brinker International, Inc. in the near future.
Price History
On Thursday, August 1, 2023, the Texas Permanent School Fund Corp increased its holdings in Brinker International, Inc. (Brinker) stock. The stock opened at $38.8 and closed at $39.0, up 0.2% from the day’s prior closing price of $39.0. This demonstrated a strong investor confidence in the company’s ongoing success. The stock increase also reflects Brinker’s efforts to streamline operations and strengthen its ties to customers through the launch of digital solutions like a mobile app and a loyalty program.
Additionally, Brinker has implemented cost-control measures such as renegotiating real estate leases and optimizing supply chain operations. These efforts have helped to boost investor confidence and underscore Brinker’s commitment to growth and innovation. Going forward, Brinker will continue to innovate with customer-centric strategies, aimed at boosting its bottom line and increasing shareholder value. 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
We at GoodWhale recently conducted an analysis of BRINKER INTERNATIONAL to determine their financial and business wellbeing. According to our Risk Rating, BRINKER INTERNATIONAL is a low risk investment. We detected one risk warning in their income sheet, though you’ll have to become a registered user to find out more about it. 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.
– Texas Roadhouse Inc ($NASDAQ:TXRH)
Texas Roadhouse, Inc. is a national restaurant chain that offers an assortment of Tex-Mex food items. The company has a market cap of $6.62B and a ROE of 20.63%. Texas Roadhouse was founded in 1993 and has since grown to become a national chain with over 500 locations across the United States. The company is headquartered in Louisville, Kentucky.
– Darden Restaurants Inc ($NYSE:DRI)
Darden Restaurants, Inc. is an American multi-brand restaurant operator. The company owns several restaurant chains including Olive Garden, LongHorn Steakhouse, The Capital Grille, Eddie V’s, Yard House, and Bahama Breeze. As of March 23, 2021, Darden operated 2,285 restaurants.
– Bloomin Brands Inc ($NASDAQ:BLMN)
Blooming Brands Inc is a company that operates in the restaurant industry. It has a market capitalization of 2.05 billion as of 2022 and a return on equity of 49.93%. The company operates in the United States, Canada, Mexico, Puerto Rico, and the Virgin Islands. Blooming Brands Inc is a publicly traded company.
Summary
Brinker International, Inc. is an attractive investment opportunity currently trading at a discount compared to its peers. The Texas Permanent School Fund Corp recently increased its holdings of Brinker International, which signals that the company is seen as a promising option to grow capital. Analysts point to Brinker’s strong financial performance, with its revenue rising steadily over the last few years and it is expected to continue to do so in the near future. The company also has a solid balance sheet with ample liquidity and no long-term debt.
Additionally, Brinker International has a high dividend yield and is expected to deliver growth in earnings per share over the next few quarters. Overall, Brinker International appears to be a good buy for investors looking for long-term value.
