Mitsubishi UFJ Asset Management Co. Ltd. Sells 5,413 Shares of Brinker International, Inc. (NYSE:EAT)

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 43.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,920 shares of the restaurant operator's stock after selling 5,413 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Brinker International were worth $977,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Brinker International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after buying an additional 8,105 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Brinker International in the fourth quarter worth approximately $81,888,000. Wellington Management Group LLP grew its position in Brinker International by 55.1% in the third 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Brinker International by 2,612.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after purchasing an additional 566,894 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Brinker International by 1,145.2% during the 4th 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 purchasing an additional 382,633 shares in the last quarter.

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Insider Activity at Brinker International

In other news, 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 transaction of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares in the company, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now directly owns 26,752 shares in the company, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock valued at $3,752,464 over the last quarter. Corporate insiders own 1.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Brinker International from $150.00 to $190.00 and gave the stock an "equal weight" 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. Stifel Nicolaus boosted their target price on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. BMO Capital Markets increased their price target on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $140.18.

Brinker International Price Performance

EAT stock traded up $1.13 during midday trading on Monday, reaching $136.20. 2,031,101 shares of the company's stock traded hands, compared to its average volume of 1,446,590. The company has a 50-day simple moving average of $155.86 and a two-hundred day simple moving average of $130.47. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.22. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 0.49 and a beta of 2.21.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 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%. On average, analysts anticipate 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.