Brinker International, Inc. (NYSE:EAT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 612,642 shares of the restaurant operator's stock after selling 52,985 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.38% of Brinker International worth $81,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EAT. Hennessy Advisors Inc. purchased a new stake in Brinker International during the 4th quarter valued at $81,888,000. Assenagon Asset Management S.A. increased its position in Brinker International by 2,612.4% during 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 last quarter. Wedge Capital Management L L P NC raised its stake in shares of Brinker International by 1,145.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator's stock valued at $55,038,000 after acquiring an additional 382,633 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Brinker International by 55.1% in the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock worth $47,351,000 after acquiring an additional 219,836 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Brinker International during the 3rd quarter worth about $14,611,000.

Analysts Set New Price Targets

A number of analysts have weighed in on EAT shares. BMO Capital Markets increased their target price on Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price objective on shares of Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Citigroup raised their target price on shares of Brinker International from $166.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. The Goldman Sachs Group increased their price objective on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, StockNews.com raised Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $140.18.

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Insider Activity

In other news, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the transaction, the chief operating officer now owns 34,252 shares of the company's stock, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cindy L. Davis sold 5,802 shares of the company's 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 transaction, the director now directly owns 11,107 shares in the company, valued at $2,086,561.02. The trade was a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock worth $3,752,464 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Stock Performance

EAT traded up $2.17 on Wednesday, reaching $145.47. The stock had a trading volume of 633,427 shares, compared to its average volume of 1,399,524. The business's 50-day moving average price is $155.17 and its two-hundred day moving average price is $120.60. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 12-month low of $43.37 and a 12-month high of $192.22. The company has a market cap of $6.46 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Sell-side analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.