Federated Hermes Inc. Sells 3,501 Shares of Brinker International, Inc. (NYSE:EAT)

Federated Hermes Inc. lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,389 shares of the restaurant operator's stock after selling 3,501 shares during the quarter. Federated Hermes Inc. owned about 0.18% of Brinker International worth $10,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Horrell Capital Management Inc. lifted its holdings in shares of Brinker International by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator's stock worth $3,526,000 after acquiring an additional 76 shares during the period. Wolff Wiese Magana LLC lifted its stake 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 during the last quarter. Savant Capital LLC lifted its stake in Brinker International by 4.7% during the fourth 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 last quarter. GAMMA Investing LLC boosted its holdings in shares of Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 171 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Brinker International by 1.4% in the 4th quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator's stock valued at $1,718,000 after purchasing an additional 178 shares during the last quarter.

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Insider Activity

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The stock was 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 owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction that occurred on 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 directly owns 34,252 shares of the company's stock, valued at approximately $6,435,950.80. This trade represents a 17.96 % 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 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EAT shares. StockNews.com upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Northcoast Research upgraded shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Thursday, January 30th. Citigroup lowered their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. raised their price objective on Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Morgan Stanley raised Brinker International from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $70.00 to $115.00 in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of "Hold" and a consensus target price of $139.39.

Brinker International Stock Up 0.5 %

Shares of Brinker International stock traded up $0.73 during trading on Wednesday, reaching $151.75. 184,594 shares of the company traded hands, compared to its average volume of 1,453,374. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The firm has a market capitalization of $6.74 billion, a PE ratio of 26.30, a P/E/G ratio of 0.49 and a beta of 2.21. The company has a 50 day moving average price of $149.75 and a 200-day moving average price of $133.38. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.21.

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 (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

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.