Jackson Creek Investment Advisors LLC Lowers Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Jackson Creek Investment Advisors LLC reduced its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 33.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,398 shares of the restaurant operator's stock after selling 7,330 shares during the quarter. Brinker International comprises approximately 0.6% of Jackson Creek Investment Advisors LLC's portfolio, making the stock its 19th largest holding. Jackson Creek Investment Advisors LLC's holdings in Brinker International were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wolff Wiese Magana LLC boosted its holdings in shares of Brinker International by 100.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 100 shares during the period. Savant Capital LLC raised its position in Brinker International by 4.7% in the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock valued at $433,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC boosted its stake in Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 171 shares during the period. Arizona State Retirement System grew its position in Brinker International by 1.4% during the 4th quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator's stock worth $1,718,000 after purchasing an additional 178 shares during the last quarter. Finally, Optimist Retirement Group LLC increased its stake in Brinker International by 6.1% in the third quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock valued at $249,000 after purchasing an additional 187 shares during the period.

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Insider Buying and Selling

In other news, Director Cindy L. Davis sold 5,802 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 in the company, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock worth $3,752,464 in the last three months. Corporate insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent research reports. Morgan Stanley upgraded shares of Brinker International from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Wells Fargo & Company increased their price objective on Brinker International from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. UBS Group lifted their target price on Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Citigroup upped their price target on Brinker International from $166.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their price objective on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. 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, the stock presently has an average rating of "Hold" and a consensus price target of $140.18.

Brinker International Price Performance

Shares of EAT stock traded up $3.59 during midday trading on Tuesday, reaching $143.86. 1,997,472 shares of the company traded hands, compared to its average volume of 1,401,696. The firm's 50 day simple moving average is $154.94 and its two-hundred day simple moving average is $120.09. The firm has a market cap of $6.39 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.22.

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 (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%. On average, equities research analysts expect that Brinker International, Inc. will post 8.3 EPS for the current fiscal 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.