Sei Investments Co. Has $3.24 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Sei Investments Co. cut its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,498 shares of the restaurant operator's stock after selling 20,446 shares during the period. Sei Investments Co. owned 0.06% of Brinker International worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Wolff Wiese Magana LLC raised its stake in shares of 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 buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position 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 worth $41,000 after purchasing an additional 171 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Brinker International during the fourth quarter worth $83,000. SBI Securities Co. Ltd. acquired a new stake in shares of Brinker International during the fourth quarter worth $126,000. Finally, Daiwa Securities Group Inc. bought a new stake in Brinker International in the fourth quarter valued at about $146,000.

Brinker International Stock Down 4.0 %

EAT stock traded down $5.51 during midday trading on Tuesday, hitting $131.14. The company's stock had a trading volume of 1,646,545 shares, compared to its average volume of 1,448,201. The company's fifty day moving average price is $154.40 and its 200 day moving average price is $130.85. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.22. 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 stock has a market capitalization of $5.82 billion, a P/E ratio of 22.73, a PEG ratio of 0.49 and a beta of 2.21.

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Brinker International (NYSE:EAT - Get Free Report) last released its earnings results 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 return on equity of 879.47% and a net margin of 5.45%. As a group, equities research analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EAT shares. JPMorgan Chase & Co. boosted their target price on Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on shares of Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Barclays upped their target price on shares of Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. KeyCorp cut shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 price target on the stock. in a research report on Friday, January 24th. Finally, BMO Capital Markets raised their price objective on Brinker International from $105.00 to $125.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Brinker International has an average rating of "Hold" and a consensus price target of $140.18.

Insider Transactions at Brinker International

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the company's stock in a transaction 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 sale, the director now directly owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This represents 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 hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the transaction, the chief operating officer now directly owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % 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 in the last 90 days. Corporate insiders own 1.72% of the company's stock.

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.