Brinker International, Inc. (NYSE:EAT) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,635 shares of the restaurant operator's stock after selling 51,604 shares during the quarter. Brinker International makes up approximately 1.0% of Landscape Capital Management L.L.C.'s holdings, making the stock its 6th biggest holding. Landscape Capital Management L.L.C. owned about 0.17% of Brinker International worth $9,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EAT. Hennessy Advisors Inc. acquired a new position in shares of Brinker International in the 4th quarter valued at $81,888,000. Assenagon Asset Management S.A. grew its stake in Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock valued at $77,865,000 after acquiring an additional 566,894 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Brinker International by 1,145.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator's stock worth $55,038,000 after purchasing an additional 382,633 shares during the period. American Century Companies Inc. lifted its holdings in shares of Brinker International by 4,710.3% during the 4th quarter. American Century Companies Inc. now owns 280,824 shares of the restaurant operator's stock valued at $37,150,000 after purchasing an additional 274,986 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock valued at $47,351,000 after purchasing an additional 219,836 shares in the last quarter.

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Analysts Set New Price Targets

EAT has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Brinker International from $145.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Wedbush upped their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target on the stock. in a report on Friday, January 24th. Argus upgraded Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. upped their price target on Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Brinker International has an average rating of "Hold" and an average target price of $140.18.

Brinker International Price Performance

NYSE:EAT traded down $2.40 on Wednesday, hitting $130.51. The company had a trading volume of 709,836 shares, compared to its average volume of 1,445,415. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.22. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 0.49 and a beta of 2.21. The firm has a 50 day moving average of $154.40 and a two-hundred day moving average of $130.85.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares of the company's stock, valued at approximately $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the transaction, the director now directly owns 11,107 shares in the company, valued at approximately $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock worth $3,752,464 in the last quarter. 1.72% of the stock is owned by insiders.

Brinker International 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.