Brinker International, Inc. (NYSE:EAT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,128,606 shares of the restaurant operator's stock after selling 41,181 shares during the quarter. Vanguard Group Inc. owned about 11.55% of Brinker International worth $678,463,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its holdings 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 purchasing an additional 100 shares during the period. Savant Capital LLC raised its position in Brinker International by 4.7% during the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock worth $433,000 after buying an additional 147 shares during the last quarter. GAMMA Investing LLC lifted 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 valued at $41,000 after acquiring an additional 171 shares during the period. Arizona State Retirement System boosted its holdings in shares of Brinker International by 1.4% in the 4th quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator's stock valued at $1,718,000 after acquiring an additional 178 shares during the last quarter. Finally, Optimist Retirement Group LLC increased its stake in shares of Brinker International by 6.1% in the third quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock worth $249,000 after acquiring an additional 187 shares during the period.

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Analyst Ratings Changes

Several equities research analysts have commented on EAT shares. KeyCorp lowered 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 report on Friday, January 24th. The Goldman Sachs Group raised their target price on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Argus raised Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price target for the company in a report on Tuesday, December 24th. Wells Fargo & Company raised their price objective on shares of Brinker International from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on shares of Brinker International from $105.00 to $125.00 and gave the company 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $140.18.

Brinker International Price Performance

EAT traded up $4.34 on Wednesday, reaching $155.25. 1,019,802 shares of the company's stock were exchanged, compared to its average volume of 1,438,556. The stock has a market cap of $6.89 billion, a PE ratio of 26.91, a P/E/G 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 twelve month low of $43.37 and a twelve month high of $192.22. The stock's fifty day moving average price is $156.72 and its 200-day moving average price is $128.60.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly 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%. Sell-side analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 34,252 shares in the company, valued at approximately $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cindy L. Davis sold 5,802 shares of the firm'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 sale, the director now directly owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock worth $3,752,464 in the last three months. 1.72% of the stock is owned by corporate insiders.

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.