Fmr LLC Has $434.05 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

FMR LLC trimmed its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,281,009 shares of the restaurant operator's stock after selling 238,383 shares during the quarter. FMR LLC owned about 7.39% of Brinker International worth $434,045,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EAT. HighTower Advisors LLC acquired a new position in shares of Brinker International during the 3rd quarter valued at about $429,000. Wellington Management Group LLP grew its holdings in Brinker International by 55.1% during the third 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 during the last quarter. MML Investors Services LLC grew its holdings in Brinker International by 123.4% during the third quarter. MML Investors Services LLC now owns 11,199 shares of the restaurant operator's stock valued at $857,000 after purchasing an additional 6,185 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Brinker International by 0.8% in the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after purchasing an additional 8,105 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Brinker International during the 3rd quarter worth $286,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EAT. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Morgan Stanley upgraded Brinker International from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $70.00 to $115.00 in a research note on Friday, December 20th. KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price on the stock. in a report on Friday, January 24th. Barclays upped their price target on Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Finally, Argus upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price objective on the stock in a research note on Tuesday, December 24th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $139.39.

Remove Ads

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction on Monday, February 10th. The stock was 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 approximately $4,470,259.20. The trade was a 21.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction 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 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 ninety days. Corporate insiders own 1.72% of the company's stock.

Brinker International Price Performance

Shares of Brinker International stock traded up $1.22 during midday trading on Friday, hitting $143.99. 1,277,148 shares of the company were exchanged, compared to its average volume of 1,457,793. The firm has a 50 day simple moving average of $151.17 and a 200-day simple moving average of $132.36. 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 cap of $6.39 billion, a P/E ratio of 24.96, a PEG ratio of 0.49 and a beta of 2.21. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.22.

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 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%. Research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.