Jump Financial LLC Sells 8,087 Shares of Brinker International, Inc. (NYSE:EAT)

Jump Financial LLC lessened its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,203 shares of the restaurant operator's stock after selling 8,087 shares during the quarter. Jump Financial LLC's holdings in Brinker International were worth $556,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Guggenheim Capital LLC bought a new stake in Brinker International during the 4th quarter worth $227,000. Mariner LLC grew its stake in shares of Brinker International by 64.8% in the fourth quarter. Mariner LLC now owns 8,482 shares of the restaurant operator's stock worth $1,122,000 after purchasing an additional 3,336 shares during the last quarter. Barclays PLC increased its holdings in Brinker International by 195.0% in the fourth quarter. Barclays PLC now owns 169,202 shares of the restaurant operator's stock valued at $22,383,000 after purchasing an additional 111,841 shares during the period. Savvy Advisors Inc. bought a new position in Brinker International during the 4th quarter worth $285,000. Finally, Summit Investment Advisors Inc. lifted its holdings in Brinker International by 3.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock worth $596,000 after buying an additional 148 shares during the period.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent research reports. StockNews.com raised Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Citigroup dropped their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. BMO Capital Markets increased their price objective on shares of Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Finally, Barclays dropped their target price on shares of Brinker International from $190.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $142.53.

Brinker International Stock Up 1.2 %

Shares of NYSE EAT traded up $1.86 during midday trading on Friday, hitting $159.15. 1,331,481 shares of the stock traded hands, compared to its average volume of 1,461,622. The business has a 50 day moving average price of $148.27 and a two-hundred day moving average price of $137.48. Brinker International, Inc. has a one year low of $48.37 and a one year high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The company has a market cap of $7.07 billion, a PE ratio of 27.58, a P/E/G ratio of 0.49 and a beta of 2.21.

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 for the quarter, topping the consensus estimate 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 year.

Insider Activity at Brinker International

In related news, 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 transaction of $1,253,250.00. Following the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at approximately $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cindy L. Davis sold 5,802 shares of the stock in a transaction dated 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 owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is owned by corporate 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.