Versor Investments LP Sells 1,958 Shares of Brinker International, Inc. (NYSE:EAT)

Versor Investments LP lessened its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 21.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,262 shares of the restaurant operator's stock after selling 1,958 shares during the period. Versor Investments LP's holdings in Brinker International were worth $961,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EAT. Wolff Wiese Magana LLC increased its position in Brinker International by 100.0% in the 4th 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 period. Savant Capital LLC increased its position in Brinker International by 4.7% during the fourth quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock worth $433,000 after acquiring an additional 147 shares during the period. GAMMA Investing LLC raised 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 purchasing an additional 171 shares during the last quarter. Optimist Retirement Group LLC raised its stake in Brinker International by 6.1% during the 3rd 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 last quarter. Finally, Highview Capital Management LLC DE boosted its holdings in Brinker International by 1.6% in the 4th quarter. Highview Capital Management LLC DE now owns 13,557 shares of the restaurant operator's stock valued at $1,793,000 after purchasing an additional 218 shares during the period.

Remove Ads

Brinker International Stock Down 4.5 %

NYSE EAT traded down $7.34 during trading hours on Monday, reaching $157.49. 1,457,057 shares of the company's stock were exchanged, compared to its average volume of 1,434,559. The company's 50-day moving average is $153.51 and its two-hundred day moving average is $116.74. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. Brinker International, Inc. has a one year low of $43.37 and a one year high of $192.21. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 0.49 and a beta of 2.54.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EAT. JPMorgan Chase & Co. lifted 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. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Barclays raised their price target on Brinker International from $150.00 to $190.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Wedbush lifted their target price on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $140.18.

Insiders Place Their Bets

In related news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction dated Monday, February 10th. The stock was 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 owns 26,752 shares in the company, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the company'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 value 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. This represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock valued at $3,752,464 in the last three months. 1.72% of the stock is currently owned by corporate insiders.

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.