Wakefield Asset Management LLLP Has $1.09 Million Position in Brinker International, Inc. (NYSE:EAT)

Wakefield Asset Management LLLP lowered its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 47.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,223 shares of the restaurant operator's stock after selling 7,489 shares during the quarter. Wakefield Asset Management LLLP's holdings in Brinker International were worth $1,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EAT. Geode Capital Management LLC raised its holdings in Brinker International by 0.8% in the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after acquiring an additional 8,105 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock worth $52,900,000 after purchasing an additional 28,373 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Brinker International in the fourth quarter worth about $81,888,000. Wellington Management Group LLP increased its holdings 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 valued at $47,351,000 after buying an additional 219,836 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Brinker International by 2,612.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock valued at $77,865,000 after buying an additional 566,894 shares in the last quarter.

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Insiders Place Their Bets

In related news, Director Cindy L. Davis sold 5,802 shares of the firm'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 transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the sale, the chief operating officer now directly owns 34,252 shares in the company, valued at approximately $6,435,950.80. This trade represents a 17.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,802 shares of company stock worth $3,752,464. Company insiders own 1.72% of the company's stock.

Brinker International Price Performance

NYSE:EAT traded down $5.43 during trading hours on Tuesday, reaching $152.58. 1,023,564 shares of the company's stock were exchanged, compared to its average volume of 1,423,342. The company has a market capitalization of $6.78 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.21. The business's 50-day simple moving average is $154.00 and its two-hundred day simple moving average is $117.38. 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 (NYSE:EAT - Get Free Report) last issued its earnings results 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%. Sell-side analysts expect that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EAT. UBS Group lifted their target price on Brinker International from $108.00 to $146.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price for the company. in a research note on Friday, January 24th. Northcoast Research upgraded shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock 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 research report on Friday, January 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $140.18.

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.