LSV Asset Management Has $9.45 Million Stake in Brinker International, Inc. (NYSE:EAT)

LSV Asset Management trimmed its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 66.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,400 shares of the restaurant operator's stock after selling 142,600 shares during the quarter. LSV Asset Management owned 0.16% of Brinker International worth $9,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Brinker International during the 4th quarter valued at $6,507,000. Advisory Services Network LLC purchased a new position in Brinker International in the fourth quarter valued at about $856,000. Shelton Capital Management acquired a new position in Brinker International in the 4th quarter worth about $230,000. Invesco Ltd. raised its stake in shares of Brinker International by 14.6% during the 4th quarter. Invesco Ltd. now owns 489,723 shares of the restaurant operator's stock worth $64,785,000 after purchasing an additional 62,265 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Brinker International by 12.1% in the 4th quarter. Bank of Montreal Can now owns 72,114 shares of the restaurant operator's stock valued at $9,540,000 after buying an additional 7,791 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have commented on EAT. Citigroup decreased their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Wedbush raised their target price on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased 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. BMO Capital Markets boosted their target price on Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a report on Monday, January 27th. Finally, Barclays lifted their price target on shares of Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Thirteen equities 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 presently has a consensus rating of "Hold" and a consensus target price of $144.47.

Insider Buying and Selling at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction 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 sale, the chief operating officer now owns 34,252 shares of the company's stock, valued at $6,435,950.80. The trade was a 17.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the 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 transaction, the director now owns 11,107 shares of the company's stock, valued at $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Stock Performance

Shares of NYSE EAT traded up $2.95 during trading hours on Friday, reaching $153.28. The stock had a trading volume of 1,061,448 shares, compared to its average volume of 1,458,263. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 0.49 and a beta of 2.21. Brinker International, Inc. has a twelve month low of $44.54 and a twelve month high of $192.22. The business's fifty day moving average is $149.03 and its two-hundred day moving average is $134.03. 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 (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Brinker International, Inc. will post 8.3 EPS 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.