Arrowstreet Capital Limited Partnership Reduces Stock Position in Brinker International, Inc. (NYSE:EAT)

Arrowstreet Capital Limited Partnership lowered its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 925,396 shares of the restaurant operator's stock after selling 130,519 shares during the period. Arrowstreet Capital Limited Partnership owned about 2.08% of Brinker International worth $122,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC raised its holdings in Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 171 shares during the last quarter. R Squared Ltd bought a new stake in shares of Brinker International in the 4th quarter valued at approximately $83,000. SBI Securities Co. Ltd. acquired a new stake in shares of Brinker International in the 4th quarter valued at $126,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Brinker International during the 4th quarter worth about $146,000.

Brinker International Price Performance

Shares of EAT traded up $4.34 during midday trading on Wednesday, reaching $155.25. The stock had a trading volume of 1,019,822 shares, compared to its average volume of 1,438,558. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a 12-month low of $43.37 and a 12-month high of $192.22. The company's 50-day moving average is $156.72 and its 200 day moving average is $128.60. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

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Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. On average, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of recent analyst reports. Wedbush lifted their price objective on Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Northcoast Research raised shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. UBS Group upped their target price on shares of Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Barclays increased their target price on Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Brinker International has a consensus rating of "Hold" and an average target price of $140.18.

Insider Buying and Selling at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the sale, the director now directly owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,802 shares of company stock worth $3,752,464. Insiders own 1.72% of the company's stock.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.