Bank of New York Mellon Corp Decreases Stock Position in Brinker International, Inc. (NYSE:EAT)

Bank of New York Mellon Corp trimmed its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 325,215 shares of the restaurant operator's stock after selling 23,341 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of Brinker International worth $43,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EAT. Wolff Wiese Magana LLC lifted its stake in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 100 shares during the period. Savant Capital LLC raised its holdings in Brinker International by 4.7% in the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock worth $433,000 after purchasing an additional 147 shares during the period. GAMMA Investing LLC grew its holdings in Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 171 shares during the period. Optimist Retirement Group LLC raised its stake in shares of Brinker International by 6.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock worth $249,000 after buying an additional 187 shares during the period. Finally, Highview Capital Management LLC DE lifted its position in shares of Brinker International by 1.6% during the 4th quarter. Highview Capital Management LLC DE now owns 13,557 shares of the restaurant operator's stock valued at $1,793,000 after buying an additional 218 shares in the last quarter.

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Insider Transactions at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares in the company, valued at $2,086,561.02. This represents a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 26,752 shares in the company, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is currently owned by insiders.

Brinker International Trading Down 1.1 %

NYSE EAT traded down $1.49 during trading on Monday, hitting $139.89. The stock had a trading volume of 1,777,919 shares, compared to its average volume of 1,399,234. The company has a market capitalization of $6.21 billion, a PE ratio of 24.24, a PEG ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.22. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The firm has a 50 day moving average price of $154.79 and a 200 day moving average price of $119.59.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results 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 return on equity of 879.47% and a net margin of 5.45%. As a group, equities research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EAT. KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target on the stock. in a research note on Friday, January 24th. UBS Group raised their target price on Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group raised their price objective on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Barclays raised their price target on shares of Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $140.18.

About Brinker International

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.